In the balance of payments, all of the following are deficit items EXCEPT
A) imports of merchandise.
B) funds placed in foreign depository institutions.
C) sales of dollars to foreigners.
D) tourism expenditures abroad.
Answer: C
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One reason why banks might increase their reserve-deposit ratio above the minimum level in times of economic uncertainty is that
A. banks are most profitable when new loans are issued. B. banks may have insufficient required reserves. C. banks are initiating quantitative easing D. banks may find only limited lending opportunities that seem sufficiently safe.
The short-run Phillips curve tells us, in theory, what combinations of:
A. inflation and output are feasible. B. the price level and output are feasible. C. the price level and unemployment are possible when expectations of inflation are constant. D. inflation and unemployment are possible when expectations of inflation are constant.
Refer to the information provided in Figure 7.8 below to answer the question(s) that follow. 
Figure 7.8Refer to Figure 7.8. The slope of isocost AB is
A. -1. B. 0. C. 1. D. indeterminate from this information, as the prices of capital and labor are not given.
The Obama stimulus plan's requirement that projects be "shovel-ready" was designed to combat
A. The political business cycle. B. The administrative lag. C. The recognition lag. D. The operational lag.