One factor contributing to the decline in cost advantages that banks once had is the
A) decline in the importance of checkable deposits from over 60 percent of banks' liabilities to 2 percent today.
B) decline in the importance of savings deposits from over 60 percent of banks' liabilities to under 15 percent today.
C) decline in the importance of checkable deposits from over 40 percent of banks' liabilities to 15 percent today.
D) decline in the importance of savings deposits from over 40 percent of banks' liabilities to under 20 percent today.
A
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Which of the following does not lessen intergovernmental competition?
a. direct intergovernmental grants b. direct regulations c. the decline in school districts d. decline in local tax receipts
The purchasing power parity theory helps explain long-run trends in exchange rates, but not short-run fluctuations
a. True b. False
When an economy is in an economic boom, discretionary fiscal policy would call for _____________, and the automatic stabilizers would _____________.
A. lowering tax rates; lower tax revenues B. lowering tax revenues; lower tax rates C. increasing tax rates; increase tax revenues D. increasing tax rates; lower tax revenues
Markets are primarily responsible for the rapid rise in productivity during the 20th century.
Answer the following statement true (T) or false (F)