Total reserve holdings over and above required reserves constitute the minimum amount of loans a depository institution can make
a. True
b. False
Indicate whether the statement is true or false
False
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A fall in interest rates leads to:
a. an increase in the rental rate on a machine. b. a decrease in the rental rate on a machine. c. no change in the rental rate on a machine. d. a fall in the marginal productivity of capital.
Some believe that technological progress leads to higher unemployment in the medium run. This claim that technological progress results in an increase in unemployment in the medium is supported by
A) economic theory, but contradicted by the evidence. B) theory and evidence. C) the evidence, but contradicted by theory. D) neither theory nor evidence. E) none of the above
What is the main cause of the uneven distribution of economic growth seen around the world?
What will be an ideal response?
If the price of one good goes up and the demand of a related good goes down, the two goods are
A) complements. B) substitutes. C) inferior goods. D) normal goods.