Life-cycle wealth refers to the
a. income earned by an individual
b. value of stock holdings by an individual
c. monetary assets held by an individual
d. non-money assets held by individuals
e. amount of assets received through inheritance
D
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If the demand curve for money were horizontal at some interest rate, an increase in the money supply
A) would lower the interest rate. B) would increase the rate of inflation. C) would be highly effective in reducing inflation. D) would not change the interest rate
A U.S. bank loaned a Canadian oil company 1 million U.S. dollars. The Canadian company then used the entire loan to buy mining equipment from a U.S. company. As a result of these transactions, by how much and in which direction did: A. U.S. net exports change? B. U.S. net capital outflow change?