Of the $840 billion American Recovery and Reinvestment Act stimulus package which was enacted in 2009, approximately ________ took the form of tax cuts and ________ took the form of increases in government expenditures
A) one-half; one-half
B) three-fourths; one-fourth
C) one-tenth; nine-tenths
D) one-third; two-thirds
Answer: D
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Owners of a corporation ________ through dividend payments on shares of that firm's stock
A) share in the profits of the firm B) retain earnings of the firm C) indirectly finance the firm D) issue bonds for the firm
Banks make use of the federal funds market in part to
A) pay their tax liabilities. B) manage liquidity risk. C) deal with moral hazard. D) deal with adverse selection.
If Q = K2L2 the MPK is
a. constant b. diminishing c. increasing
The main source of profit for financial institutions is
a. their ownership of stocks in commercial corporations. b. their ownership of real assets received in foreclosures on loans to households. c. the fees charged for holding and servicing checking accounts. d. the difference between interest paid on deposits and interest received on loans. e. the difference between the cost of creating new money and the interest paid on loans.