A public authority that provides banking services to commercial banks and regulates financial institutions and markets is called a
A) commercial bank.
B) thrift institution.
C) central bank.
D) money market fund.
E) mint.
C
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Place point A on the graph to indicate where the United States economy operated in 1938.
How are the following events likely to affect an economy's production possibilities curve?
a. An increase in the working population of the economy b. The import of better production technology c. A natural disaster that destroys some of the economy's resources d. Emigration of workers to other countries
Suppose demand increases and supply increases. Which of the following will happen?
a. equilibrium price will increase b. equilibrium price will decrease c. equilibrium quantity will increase d. equilibrium quantity will decrease e. neither the equilibrium price nor the equilibrium quantity will change
A static model is postulated when:
A. a change in the independent variable at time ‘t' is believed to have an effect on the dependent variable at period ‘t + 1'. B. a change in the independent variable at time ‘t' is believed to have an effect on the dependent variable for all successive time periods. C. a change in the independent variable at time ‘t' does not have any effect on the dependent variable. D. a change in the independent variable at time ‘t' is believed to have an immediate effect on the dependent variable.