In 2013 banks kept reserves equal to about ________ of their assets
A) 37 percent B) 50 percent C) 75 percent D) 25 percent E) 18 percent
E
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When the price level increases, aggregate planned expenditure ________ and equilibrium real GDP ________. As a result, in the AS-AD model, the aggregate demand curve has a ________ slope
A) increases; decreases; negative B) decreases; decreases; negative C) decreases; increases; negative D) increases; increases; positive E) decreases; decreases; positive
The textbook uses as its precise definition of hyperinflation an inflation rate
A) below zero. B) of less than one percent per year. C) of more than one hundred percent per year. D) of more than one thousand percent per year. E) of more than fifty percent per month.
Which of the following are examples of financial assets that pay a short-term interest rate?
A. Mortgages and government bonds B. Saving deposits and checking accounts C. Stocks and home loans D. Treasury bonds and foreign bonds
A decrease in aggregate supply means:
A. Both the real domestic output and the price level would decrease B. The real domestic output would increase and rises in the price level would become smaller C. The real domestic output would decrease and the price level would rise D. Both the real domestic output and rises in the price level would become greater