Question 411 pts

All of the following actions by the Federal Reserve will increase the money supply and stimulate economic activity except:

Group of answer choices

decreasing the reserve requirement.

reducing the discount rate.

buying government securities in open-market operations.

quantitative easing.

increasing the reserve requirement.

Flag question: Question 42

Question 421 pts

Anything used by a society to purchase products and services or resources is called:

Group of answer choices

money.

barter.

capital.

cash.

funds.

Flag question: Question 43

Question 431 pts

A corporation's written pledge to repay borrowed funds with interest to investors is known as:

Group of answer choices

an IPO.

trade credit.

commercial paper.

a corporate bond.

a line of credit.

Flag question: Question 44

Question 441 pts

All of the activities concerned with obtaining money and using it effectively are called:

Group of answer choices

financial management.

long-term financing.

unsecured financing.

accounting.

budgeting.

Flag question: Question 45

Question 451 pts

All of the following are uses of long-term financing except:

Group of answer choices

replacing obsolete equipment.

eliminating immediate cash-flow problems.

developing and marketing new products.

beginning a new business.

executing mergers and expansions.

Flag question: Question 46

Question 461 pts

All of the following would be reflected in a company's operating budget except:

Group of answer choices

changes to revenue resulting from a new marketing campaign.

the cost of replacing obsolete manufacturing capacity.

sales revenue from the previous period.

projected revenue and expense growth rates for the upcoming period.

changes to expenses resulting from changing material and/or labor costs.

Flag question: Question 47

Question 471 pts

According to Adam Smith, the role of government in a capitalistic society should be:

Group of answer choices

a single authority that owns all land and resources, centrally plans the economy, and distributes economic goods equitably.

collective ownership of land and resources, distribution of goods and pay according to work done, and owner of industries.

to redistribute wealth by taxing the private sector, promote social objectives, and centrally plan the economy.

limited to providing defense against foreign enemies, ensuring internal order, and furnishing public works and education.

controlling interest in industry, distribution of resources, and promoting social objectives.

Flag question: Question 48

Question 481 pts

According to economists, inflation is:

Group of answer choices

a general decrease in the level of prices.

a general rise in the level of prices.

when the economy grows two quarters in a row.

the key indicator of low unemployment.

is a function of the size of the labor force.

Flag question: Question 49

Question 491 pts

A market or industry with only one seller is referred to as:

Group of answer choices

a limited command system.

a monopoly.

an oligopoly.

monopolistic competition.

a perfect competitive market.

Flag question: Question 50

Question 501 pts

A price at which the quantity demanded for a product is equal to the quantity produced is called the _____ price.

Group of answer choices

market

customer

equality

demand

supply