What roles do central banks play in an economy?
A) Central banks are government depositories.
B) Central banks lobby for regulation on behalf of the banking industry.
C) Central banks monitor fiscal agents in the economy.
D) none of the above
A
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If the growth rates of nominal GDP and real GDP in an economy are 6% and 2% respectively, the inflation rate in the economy must be:
A) 2%. B) 8%. C) 4%. D) 3%.
Which of the following is likely to shift the demand curve for coffee workers to the left, assuming all else equal?
A) An increase in the wage rate B) A decrease in the wage rate C) A decrease in the price of coffee D) An increase in the price of coffee
Land is:
A) an artificially created input whose supply is fixed. B) a naturally occurring input whose supply is fixed. C) an artificially created input whose supply is variable. D) a naturally occurring input whose supply is variable.
The fate of the Second Bank of the United States? It
a. was lauded by Andrew Jackson and eventually became the Federal Reserve b. was viewed as a great success by many southern and western banks c. prospered because it took a positive view towards many speculative land ventures d. disappeared because it could not issue its own notes e. became just another bank in Pennsylvania by 1836