Hyperinflation is defined as periods of
A) inflation over 25 percent per year
B) negative price changes.
C) low inflation.
D) inflation over 50 percent per month.
E) inflation under 10 percent per year.
D
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The basic reason why the commercial banking system can increase its checkable deposits by a multiple of its excess reserves is that:
A. reserves lost by any particular bank will be gained by some other bank. B. the central banks follow policies that prevent reserves from falling below the level required by law. C. the MPC of borrowers is greater than zero but less than 1. D. the banking system must keep reserves equal to 100 percent of its checkable-deposit liabilities.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point D to Point B, the opportunity cost of hybrid cars, measured in terms of motorcycles,
A. initially increases, then decreases. B. increases. C. remains constant. D. decreases.
Interest rates of various loans vary over a wide range due to differences in all of the following, except:
A. Borrower characteristics B. Maturity of the loan C. Loan size D. Lender characteristics
The distinction between physical and financial capital is that
A) physical capital is equal to financial capital minus depreciation. B) financial capital depreciates and physical capital does not. C) the value of financial capital depends on the amount of available physical capital. D) physical capital is equal to financial capital plus depreciation. E) financial capital is used to purchase and operate physical capital.