71. Which of the following forms of savings can mitigate the effects of crowding out?

Group of answer choices

a)Household savings

b)A government deficit

c)A trade surplus

d) All of the above

70. Assume the velocity of money is held constant. According to the classical view of money,

Group of answer choices

a)changes in the money supply will affect either price or output.

b)changes in the money supply will only affect prices.

c)changes in the money supply will only affect output.

d)changes in nominal variables will only affect real variables.

67. When the market interest rate is less than a bond's coupon rate,

Group of answer choices

a)the bond is trading at a premium.

b)investors can purchase the bond for a discount.

c)the bond will mature at an earlier date.

d)the bond's face value is greater than the principal.

66. Which of the following is not included in M3?

Group of answer choices

a)Currency

b)Small time deposits

c)Repurchase agreements

d)All of the above are included in M3.

64.The curve that illustrates the relationship between tax revenue and tax rates is called the

Group of answer choices

a)Reagan curve.

b)Laffer curve.

c)Phillips curve.

d)Keynes curve.

54.When real income increases,

Group of answer choices

a)people will demand more money to do more shopping.

b)people will demand less money and save more.

c)people will invest more in interest-bearing assets.

d)the demand for money is unaffected.

55.Which of the following is not a monetary policy tool of the Fed?

Group of answer choices

a) The required reserve ratio

b)The prime rate

c)The discount rate

d)Open market operations