The money supply curve is vertical because
a. real income does not influence the quantity of money supplied
b. the price level does not influence the level of spending
c. only the interest rate influences the quantity of money supplied
d. the Federal Reserve sets the money supply
e. nominal income does not influence the quantity of money supplied
D
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The major difference between stocks and bonds is
a. a stock is ownership in the corporation and a bond is a debt instrument of the corporation. b. a stock is a debt instrument of the corporation and a bond is ownership in the corporation. c. a stock has value in the marketplace and a bond does not. d. a bond has value in the marketplace and a stock does not.
Banks considered "too big to fail" were:
A. helped by fiscal policy, but eventually went bankrupt. B. allowed to go bankrupt. C. bailed out through consumer spending. D. bailed out through fiscal policy.