Exam 19: The Demand for Money
Exam 1: Why Study Money, Banking, and Financial Markets102 Questions
Exam 2: An Overview of the Financial System127 Questions
Exam 3: What Is Money95 Questions
Exam 4: Understanding Interest Rates93 Questions
Exam 5: The Behavior of Interest Rates149 Questions
Exam 6: The Risk and Term Structure of Interest Rates102 Questions
Exam 7: The Stock Market, the Theory of Rational Expectations, and the Efficient Market Hypothesis91 Questions
Exam 8: An Economic Analysis of Financial Structure94 Questions
Exam 9: Financial Crises and the Subprime Meltdown60 Questions
Exam 10: Banking and the Management of Financial Institutions140 Questions
Exam 11: Economic Analysis of Financial Regulation105 Questions
Exam 12: Banking Industry: Structure and Competition127 Questions
Exam 13: Central Banks and the Federal Reserve System102 Questions
Exam 14: The Money Supply Process228 Questions
Exam 15: Tools for Monetary Policy116 Questions
Exam 16: The Conduct of Monetary Policy: Strategy and Tactics91 Questions
Exam 17: The Foreign Exchange Market123 Questions
Exam 18: The International Financial System137 Questions
Exam 19: The Demand for Money110 Questions
Exam 20: The Islm Model131 Questions
Exam 21: Monetary and Fiscal Policy in the ISLM Model124 Questions
Exam 22: Aggregate Demand and Supply Analysis81 Questions
Exam 23: Transmission Mechanisms of Monetary Policy: The Evidence88 Questions
Exam 24: Money and Inflation92 Questions
Exam 25: Rational Expectations: Implications for Policy56 Questions
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Keynes argued that the transactions component of the demand for money was primarily determined by the level of people's ________,which he believed were proportional to ________.
(Multiple Choice)
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If the money supply is $20 trillion and velocity is 2,then nominal GDP is
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If nominal GDP is $8 trillion,and the money supply is $2 trillion,velocity is
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Cutting the money supply by one-third is predicted by the quantity theory of money to cause
(Multiple Choice)
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In Friedman's modern quantity theory,velocity depends upon the ratio of
(Multiple Choice)
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Tobin's model of the speculative demand for money shows that people can reduce their ________ by ________ their asset holdings.
(Multiple Choice)
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According to Milton Friedman,income rises relative to permanent income during a business cycle expansion,causing the demand for money relative to actual income to decrease,thereby causing velocity to ________.
(Multiple Choice)
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In the Baumol-Tobin analysis of the demand for money,either an increase in ________ or an increase in ________ increases money demand.
(Multiple Choice)
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For the classical economists,the quantity theory of money provided an explanation of movements in the price level.Movements in the price level result
(Multiple Choice)
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The ________ sensitive is the demand for money to interest rates,the ________ unpredictable velocity will be,and the link between the money supply and aggregate spending will be less clear.
(Multiple Choice)
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If the money supply is $600 and nominal income is $3,600,the velocity of money is
(Multiple Choice)
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The average number of times that a dollar is spent in buying the total amount of final goods and services produced during a given time period is known as
(Multiple Choice)
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Tobin's model of the speculative demand for money shows that people hold money as a ________ as a way of reducing ________.
(Multiple Choice)
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Irving Fisher's view that velocity is fairly constant in the short run transforms the equation of exchange into the
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Evidence suggests that a liquidity trap is possible when ________.
(Multiple Choice)
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Tobin's model of the speculative demand for money improves on Keynes's analysis by showing that
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The classical economists' contention that prices double when the money supply doubles is predicated on the belief that in the short run velocity is ________ and real GDP is ________.
(Multiple Choice)
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