The Depository Institutions Deregulation and Monetary Control Act of 1980 did not
a. require all commercial banks to join the Federal Reserve System.
b. expand the use of Fed services to nonmember banks.
c. increase FDIC and FSLIC insurance coverage.
d. expand the availability of checking accounts.
a. require all commercial banks to join the Federal Reserve System.
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Based on the figure below. Starting from long-run equilibrium at point C, an increase in government spending that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ creating _____gap. 
A. D; an expansionary B. B; no output C. B; expansionary D. A; a recessionary
Suppose firms become more optimistic about the economy's ability to avoid a recession and hence the expected profit increases. As a result, the demand for loanable funds curve shifts ________ and the real interest rate ________
A) leftward; rises B) rightward; rises C) rightward; does not change D) leftward; falls E) rightward; falls
If Congress passes legislation to cut taxes and increase government spending to counter the effects of a severe recession, this would be an example of a(n):
A. expansionary fiscal policy. B. budget surplus. C. cyclically adjusted budget. D. contractionary fiscal policy.
If the interest rate is 10%, the present value of $100 to be paid next year is
A. $100/10. B. $100/.1. C. $110. D. $100/1.1.