The marginal propensity to consume is defined as:
A) ?C/?Yd.
B) ?S/?Yd.
C) ?Yd/?C.
D) ?Yd/?S.
A
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The value of an additional baker to a bakery is equal to the
A) price of bread. B) value of marginal product of the baker. C) baker's marginal productivity in terms of loaves of bread. D) marginal cost of making an additional loaf of bread.
Savings and loan regulators allowed S&Ls to include in their capital calculations a high value for intangible capital called
A) goodwill. B) salvation. C) kindness. D) retribution.
A bank's balance sheet shows
a. information about the riskiness of its loans b. the amount of money loaned to each individual borrower c. the amount of cash in the hands of the public d. the number of checking accounts it maintains e. the bank's assets and liabilities
In Canada, when new demand deposits are created through loans made to Canadians who borrow in order to invest in Canada
a. the Canadian money supply contracts b. excess reserves in Canadian banks are destroyed c. the money supply in Canada remains unchanged but the interest rate decreases favoring the Canadian investor d. the money supply in Canada expands e. the Canadian legal reserve requirement declines