If nominal GDP increases by 4 percent, then
a. real output has increased by 4 percent
b. the price level has increased by 4 percent
c. consumer spending must have increased by 4 percent
d. it is possible that all of the increase was caused by an increase in the price level
e. net exports increased by 4 percent
D
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When the price of a complement (cream) decreases, the demand for the related good (coffee)
A) will fall. B) remains constant. C) will shift outward. D) will shift inward.
Use the following balance sheet for the ABC National Bank in answering the next question. Assume the required reserve ratio is 20 percent.AssetsLiabilities & Net WorthReserves$27,000 Checkable Deposits$110,000Loans50,000 Stock Shares200,000Securities33,000 Property200,000?Refer to the above data. This bank can safely expand its loans by a maximum of:
A. $5,000. B. $12,000. C. $7,000. D. $25,000.
If there is a negative externality in production, ______.
a. firms bear the entire cost b. firms share the costs with others c. others bear the entire cost d. government bears the entire cost
In Minnesota, tax collectors found that threatening late filers with warnings and fines does not increase tax compliance. Instead, they publicized the fact that most Minnesotans had already filled in their returns. What type of nudge is this?
A. There is no nudge involved. B. An information nudge C. An advantageous default option nudge D. A pricing nudge