Which of the following occurred during and following the 2008-2009 recession?
a. Unemployment benefits were extended from their normal 26 weeks to up to 99 weeks.
b. The Federal Reserve more than doubled the size of the monetary base.
c. The federal budget deficit expanded to approximately 10 percent of GDP.
d. All of the above are true.
D
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Which of the following would lead to a depreciating dollar?
A. A higher federal deficit B. Lower interest rates C. Higher interest rates D. Contractionary monetary policy
Suppose Island Bikes, a profit-maximizing firm, is the only bike rental company in a small resort town. The marginal cost to Island Bikes of renting out a bike is $3, and Island Bikes has no fixed costs. Each day Island Bikes has six potential customers, whose reservations prices are listed below.CustomerReservation Price($/Rental)A22B16C12D8E6F4 Suppose Island Bikes knows that customers whose reservation prices are at least $10 always rent bikes before noon, while those whose reservation prices are below $10 never do so. If Island bikes can charge a different price in the morning and in the afternoon, then in the morning, it will rent out ________ bike(s) and charge ________ per bike.
A. 4; $8 B. 1; $22 C. 2; $16 D. 3; $12
What is a mortgage? What were the important developments in the mortgage market during the years after 1970?
What will be an ideal response?
Answer the question based on the following consolidated balance sheet for the commercial banking system. Assume the required reserve ratio is 12 percent. All figures are in billions of dollars:
Refer to the above data. If the commercial banking system actually loans out the maximum amount it is able to lend, excess reserves will fall:
A. By $28 billion
B. By $22 billion
C. By $20 billion
D. To zero