The total amount of reserves in the banking system is equal to the ________ required reserves and excess reserves
A) sum of
B) difference between
C) product of
D) ratio between
A
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Most industrial countries have adopted the regressive tax system
a. True b. False Indicate whether the statement is true or false
Suppose the cost to erect a tornado siren in a small town is $15,000 . In addition, suppose the value of a human life is $10 million. By what percentage would the siren need to reduce the risk of a fatality for the benefits of the siren to exceed the costs of the siren?
a. By at least 0.015 percentage points. b. By at least 0.15 percentage points. c. By at least 1.5 percentage points. d. By at least 5 percentage points.
According to Keynes, the main institutional barriers to downward wage and price flexibility were (1) _________________ and (2) ____________________.
Fill in the blank(s) with the appropriate word(s).
Which of the following is a shortcoming of GDP?
A. GDP excludes changes in inventories. B. GDP includes an estimate of illegal transactions. C. GDP excludes nonmarket transactions. D. GDP excludes business investment spending.