Which president had to cope with both rising deficits and a rising rate of inflation?
A. John Kennedy
B. Dwight Eisenhower
C. Jimmy Carter
D. Ronald Reagan
C. Jimmy Carter
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Secondary reserves for banks are:
A. the same as the bank's net worth. B. vault cash. C. deposits the bank has at the Federal Reserve. D. mainly the bank's liquid securities.
Changes in which of the following shifts the aggregate supply curve? i. the price level ii. the money wage rate iii. potential GDP
A) i only B) ii only C) iii only D) ii and iii E) i, ii, and iii
Which of the following goods is likely to have the lowest price elasticity of demand?
A) Life-saving drugs B) Potato chips C) Chocolates D) Decorative flowers
Barter is
A) another type of money. B) printing too much money. C) the exchange of goods and services directly for other goods and services. D) the exchange of goods and services for any type of money.