Which of the following areas of study is included in the field of macroeconomics?
a. electricians’ wage rates
b. monopolistic pricing
c. price of automobiles
d. general price level
d. general price level
You might also like to view...
Demand-side inflation is normally accompanied by
A. falling real GDP, while supply-side inflation may be accompanied by rising real GDP. B. falling real GDP; the same is true of supply-side inflation. C. rising real GDP, while supply-side inflation may be accompanied by falling real GDP. D. rising real GDP; the same is true of supply-side inflation.
Refer to Table 9-7. Suppose that the data in the table above reflect price levels in the economy. What is the inflation rate between 2015 and 2016?
A) 2.9% B) 3.5% C) 4.6% D) 5% E) 7.5%
If external benefits are taken into account in the market
A. the supply curve would shift to the left. B. the demand curve would shift to the right. C. the supply curve would become vertical. D. the demand curve would shift to the left.
A bank has the following assets: Reserves of $15 million; Loans of $150 million; and Securities of $50 million. Their liabilities include Deposits of $150 million; Borrowed funds of $35 million and Bank Capital of $30 million. If the required reserve rate is 10 percent, answer the following: What is the amount of excess reserves the bank is currently holding? What are the options available to the bank if customers decide to withdraw $10 million in deposits?
What will be an ideal response?