Which of the following is a checkable and debitable account?
A. a checking account
B. a savings account
C. a brokerage account with an online stockbroker
D. All of these are checkable and debitable accounts.
Answer: A
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When there is a recessionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; decline B. increase; raise; decline C. decline; lower; expand D. decline; raise; decline
Macroeconomics, as opposed to microeconomics, includes the study of what determines the level of
A) output of a specific firm. B) employment in the economy. C) employment in a specific industry. D) output of a specific industry.
A curve that shows combinations of consumption bundles that give a consumer the same utility is called
A) an indifference curve. B) a utility curve. C) a demand curve. D) a preference curve.
Which of the following would most likely reduce the number of bank failures?
a. an increase in the number of small banks b. tighter restrictions on interstate banking c. creating a system of deposit insurance d. encouraging banks to make more risky loans