Income Mexican citizens earn in the U.S. counts in
A. Mexican GNP.
B. U.S. GNP.
C. Mexican GDP.
D. both U.S. and Mexican GDP.
Answer: A
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A decrease in the brokerage commissions in the housing market from 6% to 5% of the sales price will shift the ________ curve for bonds to the ________, everything else held constant
A) demand; right B) demand; left C) supply; right D) supply; left
Given the values in the table above, the IS curve is ________
A) Y = 34.6 - 2r B) Y = 8.65 - 2r C) Y = 22.6 - 2r D) Y = 8.33 - 0.67r E) none of the above
For an inferior good, if the income effect more than offsets the substitution effect, we call that good
A) a Giffen good. B) a normal good. C) an inferior good. D) a neutral good.
Suppose a bank has $6,000 in checkable deposits and the required reserve ratio is 0.2 . If the bank wishes to hold no excess reserves, its actual reserves will be: a. $4,000
b. $1,200. c. $3,000. d. less than $1,000. e. $4,800.