Adam Smith thought that growth is best promoted by: a) careful government management of the macr… 1 answer below »

12 <a href=Adam Smith thought that is best promoted by: management of a) careful accumul b) in develop c) increases in the labor force. and the d) in research reserves in lies excess to total 13. Raising the discount rate is raises the ratio of Reserve pol because it the Federal a) expansi member banks of banking system. policy on the part of borrowing from commercial banks b) because firms cost of because it raises Reserve system, the part of the Fed. Federal c) a cont from on banks of the cost of borrowing on the of to d) an ex policy profits relative it raises their e) an expansionary policy on the part the Fed, increasing the interest rates of willingness to make loans. to charge will increase their banks 14. The opportunity cost of holding money is measured by the a) interest by holding money b) liquidity lost c) money supply curve d) inflation rate financial assets e) cost of cashing in 15. The transactions demand for money is based on: a) moneys as a store of wealth. b) moneys role as a medium of exchange. c) moneys role as a standard ofvalue. d) moneys not being interest-bearing asset. e) moneys being an interest-bearing asset. 16. The asset demand for money describes how the demand for money varies with: a) a nominal GDP. b) real GDP. c) the price level. d) interest rate. e) consumption 17 The equilibrium rate of interest is determined by a) the FED b) Congress alone. c) The demand for money d the supply of money alone. money together. e) the supply of and demand for “>

Adam Smith thought that growth is best promoted by: a) careful government management of the macroeconomy. b) capital accumulation. c) increases in population. d) increases in the labor force. e) increases in the labor force e) monopolies’ engaging in research and development. Raising the discount rate is: a) an expansionary policy, because it raises the ratio of excess to total reserves in the banking system. b) a contractionary policy on the part of member banks of the Federal Reserve system, because it raises firms’ cost of borrowing from them. c) a contractionary policy on the part of the Fed, because it raises commercial banks’ cost of borrowing from it. d) an expansionary policy on the part of member banks of the Federal Reserve system, because it raises their profits relative to nonmember banks e) an expansionary policy on the part of the Fed, because increasing the interest rates banks are allowed to change will increase their willingness to make loans. The opportunity cost of holding money is measured by the a) interest rate b) liquidity lost by holding money c) money supply curve d) inflation rate e) cost of cashing in financial assets The transactions demand for money is based on: a) money’s as a store of wealth. b) money’s role as a medium of exchange. c) money’s role as a standard of value. d) money’s not being interest-bearing asset. e) money’s being an interest-bearing asset. The asset demand for money describes how the demand for money varies with: a) a nominal GDP. b) real GDP. c) the price level. d) interest rate. e) consumption. The equilibrium rate of interest is determined by a) the FED b) Congress c) The demand for money alone. d) the supply of money alone. e) the supply of and demand for money together.

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