Notes Payable would appear on which financial statement?

Politicians and economists who are generally conservative tend to believe that

A. the self-correcting mechanism is slow and unpredictable. B. the short-run Phillips curve is relatively steep. C. the costs of unemployment are high. D. expectations in reaction to policy measures are very slow to change.

Demand deposits are

a. deposits held by individuals at one of the twelve Federal Reserve District Banks. b. interest-earning savings deposits held by individuals at a banking institution. c. deposits of commercial banks at one of the twelve Federal Reserve District Banks. d. deposits of individuals that can either be withdrawn or made payable on demand to a third party by a check.

In a particular country in 2008, the average worker had to work 40 hours to produce 100 units of output. In that same country in 2018, the average worker needed to work 35 hours to produce 94.5 units of output. In that country, the productivity of the average worker

a. increased by 2 percent between 2008 and 2018. b. increased by 8 percent between 2008 and 2018. c. remained unchanged between 2008 and 2018. d. decreased by 2 percent between 2008 and 2018.

If the reserve requirement is 12 percent and banks desire to hold no excess reserves, when a bank receives a new deposit of $1,000,

a. it must increase its required reserves by more than $150. b. its total reserves initially increase by $120. c. it will be able to make new loans up to a maximum of $880. d. None of the above is correct.