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ECO 4223 Exam #1 With Questions And 100% ALL SURE ANSWERS
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JACKLINEECO 4223 Exam #1 With Questions And 100% ALL SURE ANSWERS
Terms in this set (30)
The term monetary ____ refers to the institutions regime
and mechanisms that govern the supply of
money and, hence, its purchasing power.
In an economy where gold coins are used to hold
make transactions, the demand for money (DM)
is the demand to __ gold coins.
The supply of money (SM) is the difference above-ground; non-monetary
between all ____ gold and the stock of gold
Initially, an increase in the demand to hold increase; increases
money causes the purchasing power of money
to _____. Eventually, the supply of money ,
which causes the purchasing power of money to
return to its original level.
ECO 4223 Exam #1
1/5
, Initially, an increase in the supply of money decrease; decreases
causes the purchasing power of money to _.
Eventually, the supply of money ___ , which
causes the purchasing power of money to return
to its original level.
An increase in the demand for non-monetary supply of; decrease
gold causes the _____ money to _.
Initially, an increase in the demand for non- increase; increases
monetary gold causes the purchasing power of
money to _ _. Eventually, the supply of money
_ _ , which causes the purchasing power of
money to return to its original level.
In general, we expect gold miners to increase greater than
production when the purchasing power of
money is ___ the long run marginal cost of
producing gold coins.
A reduction in the long run marginal cost of decrease; increase
producing gold coins will eventually cause the
purchasing power of money to and the
quantity of gold coins in circulation to __ _.
The price level was ____ volatile on the market- more; easier
managed gold standard than the central bank-
managed fiat standard. The purchasing power of
money was __ to predict on the market-
managed gold standard.
The Consumer Price Index (CPI) is designed to only prices faced by consumers in their purchases with discretionary income
reflect __ _.
The Personal Consumption Expenditures Price all prices faced by consumers
Index (PCEPI) is designed to reflect _.
ECO 4223 Exam #1
2/5
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