One problem associated with the National Banking System was
a. the perverse elasticity of the money supply.
b. the tendency of bank reserves to stay in local communities.
c. inadequate backing for national bank notes.
d. excessive loans made to farmers.
a. the perverse elasticity of the money supply.
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The price of non-work activities is:
A) zero. B) equal to the opportunity cost of those activities. C) less than the opportunity cost of those activities. D) greater than the opportunity cost of those activities.
In 2007, Singapore's government ran a budget surplus of $4.5 billion. The budget surplus ________ loanable funds and ________ the real interest rate
A) increased the supply of; lowered B) decreased the demand for; lowered C) increased the supply of; raised D) increased the demand for; raised
The most difficult type of merger to attack under the antitrust laws is the _________ merger
a. horizontal b. vertical c. conglomerate d. joint venture e. per se
A person who is unemployed because of a mismatch between the person's skills and current employment requirements is experiencing
A. cyclical unemployment. B. frictional unemployment. C. seasonal unemployment. D. structural unemployment.