The classical labor supply function is shown as
a. Ns = g(P/W).
b. Ns = g(W/P).
c. Ns = t(W/Pe).
d. Ns = t(Pe/W).
B
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Which of the following is least likely to issue commercial paper?
A) General Motors Acceptance Corporation B) A large bank holding company C) General Electric D) The U.S. Treasury
Which of the following is (are) correct? In the classical system, the suppliers of bonds were the
a. government which always sold bonds to finance a new project. b. firms which financed all investment expenditures by selling bonds. c. government which might sell bonds to finance spending in excess of tax revenues. d. Both b and c.
As the present value of the future earnings from owning an asset ____, the market value of the asset ____
a. decreases; increases b. increases; decreases c. increases; increases d. increases; is uncertain
The required reserve ratio is the
A. Fraction of loans to shareholders equity. B. Highest level of interest rates that can legally be charged to borrowers. C. Fraction of total deposits banks must hold. D. Fraction of deposits that banks can lend out.