37. The Fed (part 1) Question Preview (ID: 50836)
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Which is NOT true of The Federal Reserve (The Fed)?
a) Bank's Bank
b) US Government's Bank
c) Manages the money in the economy
d) created by Andrew Jackson
Who manages the amount of money in the economy/
a) President
b) Congress
c) US Treasury
d) Federal Reserve
$5 does not buy what it used to buy 10 years ago, 20 years ago, and 30 years ago.
a) True
b) False
c)
d)
What happens to money if The Fed prints a lot of money (increase in supply)?
a) nothing
b) value goes up
c) value goes down
d) price of goods decreases
What happens to money if The Fed slows the printing of money (decrease in supply)?
a) nothing
b) value goes up
c) value goes down
d) price of goods increases
What happens to money if The Fed prints a lot of money (increase in supply)?
a) inflation
b) deflation
c) nothing
d) recession
What happens to money if The Fed slows the printing of money (decrease in supply)?
a) inflation
b) deflation
c) nothing
d) recession
Which supply and demand equation is incorrect?
a) demand ▽ ► price ▽
b) demand △ ► price △
c) supply ▽ ► price ▽
d) supply △ ► price ▽
Which supply and demand equation is incorrect?
a) demand ▽ ► price △
b) demand △ ► price △
c) supply ▽ ► price △
d) supply △ ► price ▽
Which of the following demonstrates inflation?
a) demand ▽ ► price ▽
b) demand △ ► price △
c) supply ▽ ► price △
d) supply △ ► price ▽
Which of the following demonstrates deflation?
a) demand ▽ ► price ▽
b) demand △ ► price △
c) supply ▽ ► price △
d) supply △ ► price ▽
An increase in money, without an increase in supply of goods will result in inflation.
a) True
b) False
c)
d)
An increase in money, WITH an increase in supply of goods will result in inflation.
a) True
b) False
c)
d)
What DOES NOT happen when the supply of money increases and the supply of goods does not incease?
a) Consumers bid up the price
b) prices rise like an auction
c) producers know an increase in money means an increase in demand, so they raise prices
d) price of good drops or the value of money increases
Why did Steve raise his prices
a) he understands the laws of supply and demand
b) he's a jerk
c) he's greedy
d) government regulation
Which is not an example of inflation?
a) soda is more expensive than it was in 2000
b) soda might have the same price, but it's a smaller bottle
c) a bag of chips is still $1, but it contains fewer chips
d) the price of gasoline drops below $2 per gallon
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