Which of the following is not considered a major player in the financial system?
A. Banks
B. Savers
C. Labor unions.
D. Businesses
Answer: C
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In the classical model, the quantity of loanable funds supplied is
a. positively related to the level of income b. negatively related to the price level c. positively related to the price level d. negatively related to the interest rate e. positively related to the interest rate
If C(X) represents the total cost of activity X, then which of the following expressions best represents the marginal cost of activity X?
A. C(X) - C(X - ?X) B. (C(X) - C(X - ?X))/?X C. (C(X) - C(X - ?X))/X D. C(X - ?X))/?X
Refer to Table 13-2. If the Hometown Bank is holding $10,000 in excess reserves, then the reserve requirement is
Table 13-2
| Hometown Bank | ||||
| Assets | Liabilities | |||
| Reserves | $25,000 | Deposits | $150,000 | |
| Loans | $125,000 | |||
Refer to Table 13-2. If the Hometown Bank is holding $10,000 in excess reserves, then the reserve requirement is
a. 2 percent.
b. 5 percent.
c. 7 percent.
d..10 percent.
If workers expect inflation, and tend to overestimate actual inflation when they negotiate wage increases, the result will be a continuing
A. shift of AD to the left. B. shift of AD to the right. C. recessionary gap. D. inflationary gap.