Which of the following are assets of commercial banks? i. reserves ii. loans iii. deposits
A) i only
B) ii only
C) i and ii
D) ii and iii
E) i, ii, and iii
C
Economics
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In the above table, the private sector has a
A) surplus of $300 billion. B) deficit of $300 billion. C) deficit of $200 billion. D) deficit of $400 billion.
Economics
If potential GDP for the first quarter of 2013 = $75.8 billion, and real GDP for the first quarter of 2013 = $80.3 billion, then the output gap was
A) -5.9%. B) -5.6%. C) 5.6%. D) 5.9%.
Economics
It is impossible to create a free market system that promotes economic efficiency
Indicate whether the statement is true or false
Economics
Either supply shocks or adjusting inflation expectations can shift the short run Phillips curve
a. True b. False Indicate whether the statement is true or false
Economics