Which of the following is used to illustrate an independent relationship between two variables?
A. An upward-sloping curve
B. A downward-sloping curve
C. A hill-shaped curve
D. A horizontal or vertical line
Answer: D
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The consumption of fixed capital in each year's production is called ________.
A. net investment B. depreciation C. indirect business taxes D. inventory reduction
When the economy is in a recession, the Fed can ________ the federal funds rate, which ________ aggregate demand and ________ real GDP
A) lower; increases; decreases B) raise; decreases; increases C) lower; increases; increases D) raise; increases; decreases E) lower; decreases; decreases
A bank has deposits of $100,000, reserves of $20,000, and loans of $80,000. If the desired reserve ratio is 10 percent, then its excess reserves are
A) 0. B) $8,000. C) $10,000. D) $2,000. E) $12,000.
Consumer spending is considered a determinant of economic growth
a. True b. False Indicate whether the statement is true or false