World oil consumption runs approximately
A. 96 billion barrels a day.
B. 96 million barrels a day.
C. 96 thousand barrels a day.
D. 96 barrels a day.
Answer: B
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The trough of a business cycle occurs when ________ hits its lowest point
A) inflation B) the money supply C) aggregate economic activity D) the unemployment rate
Voluntary free trade results in:
a. population growth. b. inflation. c. higher living standards. d. income disparity. e. unemployment.
Decision making that seeks only solutions that are acceptable is called
a. optimizing. b. satisficing. c. benchmarking. d. maximizing.
If m equals the maximum number of new dollars that can be created for a single dollar of excess reserves and R equals the required reserve ratio, then for the banking system:
A. R = m - 1. B. m = R - 1. C. m = 1/R. D. R = m/1.