Suppose a national government increased spending by $100 billion. The net effect on the banking system would be to:
a. Reduce bank reserves by $100 billion and reduce bank deposits by $100 billion.
b. Increase bank reserves by $100 billion and increase bank deposits by $100 billion.
c. Decrease government checking accounts in the banking system by $100 billion and increase the public's checking accounts there by $100 billion.
d. Increase government checking accounts in the banking system by $100 billion and reduce the public's checking accounts there by $100 billion.
e. Increase government checking accounts in the banking system by $100 billion and increase the public's checking accounts there by $100 billion.
.C
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In the diagram above, which figure(s) show(s) a direct relationship between the variables?
A) both A and C B) only D C) only A D) both B and C E) only B
Another name for a "flat-rate tax" in which the same tax rate applies to all income earners is a
A) proportional tax. B) progressive tax. C) regressive tax. D) passive tax.
In long-run equilibrium, a monopolistically competitive firm's demand curve will be tangent to its average cost curve
a. True b. False Indicate whether the statement is true or false
Which of the following is a positive statement? a. Increased money supply growth will lead to a higher rate of inflation
b. There are more millionaires in Uganda than in the United States. c. People watch more TV during finals week than during the rest of the term. d. All of the above are positive statements.