The Vietnam war, typical of all prolonged wars, resulted in
a. substantial unemployment
b. demand-pull inflation
c. stagflation
d. cost-push inflation
e. a recession
B
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A change in the price of one good cannot leave utility unchanged unless the price change is accompanies by a change in income.
Answer the following statement true (T) or false (F)
Total utility
A) is equal to the sum of the marginal utilities of all units consumed. B) cannot decrease as a person consumes more and more of a good. C) has a constant rate of increase as a person consumes more and more of a good. D) is negative when marginal utility is declining.
The discount window is a:
A. lending facility that banks can use at specified times to borrow reserves needed to meet reserve requirements. B. term used for when large banks offer a lower interest rate for attracting more borrowers. C. lending facility that allows any bank to borrow reserves from the Fed. D. term used for large banking transactions that are associated with lower risk, and therefore qualify for lower interest rates.
Which of the following is a way banks reduce risk?
a) Screening firms. b) Evaluating firms. c) Monitoring firms. d) Pooling money into portfolios.