Which of the following macroeconomic variables could not be used as a leading economic indicator?
A) Residential investment
B) Employment
C) The money supply
D) Stock prices
B
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Shoe leather costs include the ________ due to the more frequent trips to the bank, the new cash management systems and the expanded employment in banks that inflation causes.
A. deflating and indexing that are necessary B. redistribution that occur C. time and effort that are used up D. substitution and price adjustment biases that arise
If this is a closed economy, how much will a bushel of corn cost? 
A. $5 B. $1 C. $7 D. $3
Classical growth theory predicts that increases in
A) competition increase economic growth. B) real GDP per person are temporary and not sustainable. C) resources permanently increase real GDP per person. D) real GDP per person are permanent and sustainable. E) resources permanently increase labor productivity.
Suppose you withdraw $500 from your checking account deposit and bury it in a jar in your back yard. If the required reserve ratio is 10 percent, checking account deposits in the banking system as a whole could drop up to a maximum of
A) $0. B) $50. C) $500. D) $5,000.