In the United States, each bank panic in the late nineteenth and early twentieth centuries was accompanied by
A) inflation. B) a recession. C) deflation. D) a depression.
B
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If the interest rate is 20 percent, the present value of $10,000 to be received 20 years from today is about
A) $6,944. B) $14,400. C) $383,376. D) $261.
All else the same, if a bank's liabilities are more sensitive to interest rate fluctuations than are its assets, then ________ in interest rates will ________ bank profits
A) an increase; increase B) an increase; reduce C) a decline; reduce D) a decline; not affect
When the firm is able to perfectly price discriminate, each unit is sold at its: a. peak load price
b. reservation price. c. cost price. d. market price.
The average percentage markup in the economy is
a. relatively stable, but the price level may not be b. relatively stable, causing the price level to also be relatively stable c. relatively unstable, despite which the price level remains relatively stable d. relatively unstable, causing the price level to also be relatively unstable e. determined by the unit costs of production