An inflationary gap will exist when
a. aggregate demand grows more slowly than aggregate supply.
b. there is downward pressure on prices.
c. expenditures are not equal to aggregate demand.
d. equilibrium GDP is greater than full employment GDP.
d
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Refer to Table 9-2. Assume the market basket for the consumer price index has two products — bread and milk — with the following values in 2011 and 2016 for price and quantity: The Consumer Price Index for 2016 equals
A) 118. B) 116. C) 86. D) 85.
Financial securities that represent partial ownership of a corporation are known as
A) bonds. B) stocks. C) coupons. D) dividends.
As of 2012, the bank portion of TARP:
A) earned a profit of $21 billion B) earned a profit of $245 billion C) cost $266 billion D) cost $700 billion
In what decade did the Great Depression occur?
a. 1920s b. 1930s c. 1940s d. 1950s