Refer to Scenario 14-2. As a result of Kristy's deposit, Bank A's excess reserves increase by
A) $2,000. B) $8,000. C) $10,000. D) $50,000.
B
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When unions or legislation makes it necessary for a firm to pay higher wages,
A) efficiency declines. B) income is transferred from wealthy people to poor people. C) the marginal value of retained employees falls. D) the marginal value of retained employees rises. E) total purchasing power increases.
Refer to Figure 13-17. What is the amount of excess capacity?
A) Qj - Qh units B) Qj - Qf units C) Qh - Qg units D) Qh - Qf units
Which policy measure requires investment banks to sever the links between research and securities underwriting?
A) Sarbanes-Oxley Act of 2002 B) Global Legal Settlement of 2002 C) Gramm-Leach-Bliley Act of 1999 D) Riegle-Neal Act of 1994
The value of the GDP deflator for a country whose nominal GDP was $102 billion in 2013 and real GDP (relative to the base year 2010) was $90 billion would be approximately _____
a. 100 b. 102 c. 90 d. 113