Hyperinflation refers to inflation in excess of ________ per month
A) 30%
B) 10%
C) 20%
D) 25%
A
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Diseconomies of scale definitely means that as the firm increases its output, its
A) long-run average total cost increases. B) long-run average total cost decreases. C) short-run average total cost increases. D) short-run average total cost decreases.
When financial markets and institutions are not efficient in matching savers and borrowers,
A) interest rates fall, which discourages saving even further. B) interest rates fall, which discourages investment even further. C) resources are lost. D) investment rises.
In a market system, which component conveys information about what is relatively scarce and what is relatively abundant?
A) the number of producers B) the number of consumers C) prices D) the amount of government regulation
Which of the following was a result of the Depository Institutions Deregulation and Monetary Control Act of 1980 (DIDMCA)?
A. All checkable deposits, whether at commercial banks, savings banks, savings and loan associations, or credit unions will have the same reserve requirements. B. The Fed has the power to change the reserve requirement on checkable deposits at commercial banks but not credit unions. C. The Fed has the power to set the reserve requirement on checkable deposits at credit unions, but once set, the reserve requirement cannot be changed for two years. D. Commercial and savings banks are regulated by the Fed, but credit unions and state banks are not subject to regulations, but must pay dues to the Fed.