In economics, the term capital refers only to some form of money.
Answer the following statement true (T) or false (F)
False
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When income is allocated to two goods, x and y, consumer equilibrium occurs when
a. MUx = MUy b. MUx = MUy, and the budget is exhausted c. MUx/Py = PUx/Py d. MUx/Py = PUx/Py, and some money is not spent e. MUx/Py = PUx/Py, and the budget is exhausted
Suppose the reserve requirement is 10 percent and a person deposits $1,500 in a local bank. The local bank can now create a maximum of:
a. $150 in additional money, by lending $150. b. $15,000 in additional money, by lending $15,000. c. $1,500 in additional money, by lending $1,500. d. $1,350 in additional money, by lending $1,350. e. $135 in additional money, by lending $135.
The organization responsible for creating and regulating the U.S. money supply is
a. the Department of Commerce b. the Council of Economic Advisers c. the U.S. Mint d. the Federal Reserve System e. the Department of the Treasury
Which of the following could explain a decrease in the equilibrium interest rate and an increase in the equilibrium quantity of loanable funds?
a. The demand for loanable funds shifted rightward. b. The demand for loanable funds shifted leftward. c. The supply of loanable funds shifted rightward. d. The supply of loanable funds shifted leftward.