Which of the following is classified as a liability for a commercial bank?
A) Reserves
B) Commercial loans
C) Demand deposits
D) Deposits with the Federal Reserve
C
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The income effect implies that there is a positive relationship between
A) income and the unemployment rate. B) the unemployment rate and the inflation rate. C) aggregate supply and aggregate demand. D) monetary growth and interest rates.
What other markets were affected by the decline in the housing market beginning in 2006? Briefly explain why
What will be an ideal response?
Computing the CPI is important because ________
A) it is a very accurate and error-free measure of the cost of living B) it helps predict spending patterns for particular goods and services C) government uses it to index entitlements, such as social security benefits, so that beneficiaries do not lose purchasing power in periods of inflation D) all of the above E) none of the above
Rational expectations are more accurate than adaptive expectations, ________
A) on average B) always C) because they require less information D) except when policies have changed