Which statement is true about the demand curve in the graph above?
A. Demand is perfectly elastic.
B. Demand is perfectly inelastic.
C. Demand is less elastic at point X than at point Y.
D. Demand is less elastic at point Y than at point X.
D. Demand is less elastic at point Y than at point X.
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The Fed is considering eliminating
A) primary credit lending. B) secondary credit lending. C) seasonal credit lending. D) its lender of last resort function.
Suppose The United Bank of Glassen has loaned $250 to Mr. Joseph Langdon for his business. Mr. Langdon repays the loan with a check written against his own bank, Rexan Bank. Which of the following is likely to happen as a result of this transaction? a. The reserves at the United Bank of Glassen will fall
b. The reserves at Rexan Bank will increase. c. Checkable deposits at Rexan Bank will increase. d. Rexan Bank will make more loans than before. e. The reserves and checkable deposits of Rexan Bank will decrease.
Which of the following people would be officially counted as unemployed?
a. A person who works only 5 hours per week for pay. b. A full-time college student who chooses not to have a paying job. c. A family member who works 20 hours per week without pay. d. A jobless high-school graduate who is actively looking for work.
If purchasing power parity holds and a basket of goods costs $300 in the U.S. and the same basket costs 450 manats in Azerbiajan, then what is the nominal exchange rate?
a. about .67 manats per dollar b. 1 manat per dollar c. 1.5 manats per dollar d. about 1.67 manats per dollar