The term "real" as opposed to "nominal" means that economists are making adjustments for ________
Fill in the blank(s) with correct word
inflation
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If a Fed __________ other than bank reserves falls and there are no offsetting entries elsewhere on the Fed's balance sheet, then bank reserves must __________
A) asset; fall B) asset; rise C) liability; fall D) liability; rise
The U.S. economy rarely grows
a. True b. False Indicate whether the statement is true or false
Environmentalists concern with rapid economic growth is that it will
A. lead to increases in pollution, crowding, and waste disposal. B. turn naturalists into capitalists. C. prevent society from taking action to clean up excessive pollution. D. underutilize natural resources.
A bank owns a 10-story office building. In the bank's balance sheet, this would be listed as part of
A. assets. B. capital stock. C. net worth. D. liabilities.