The largest type of depository institution in the United States is
A) savings-and-loans.
B) commercial banks.
C) credit unions.
D) mutual funds.
B
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The body that is responsible for dating the beginning and ending dates for a recession is
A) the Congress. B) the National Bureau of Economic Research. C) the Bureau of Economic Analysis. D) the Fed.
Monetarists believe that: a. the government should follow a fixed rule to change money supply in response tobusiness cycles
b. the government should not use discretionary monetary policy to achieve its goals ofeconomic growth and low inflation. c. government intervention should be well thought out and should be used only during recessions. d. government intervention in the economy makes business cycles disappear. e. government intervention policies have only long-run effects.
Resources are efficiently allocated when production occurs at that output level where price:
A. Equals marginal cost B. Equals marginal revenue C. Is greatest over average cost D. Is equal to average total cost
If quantity demanded decreased by 3 units at each price, you would conclude that
A. demand increased.
B. demand decreased.
C. supply increased.
D. supply decreased.