Suppose Alan receives a check for $300 from a bank in Dallas. He deposits the check in his account at his Baltimore bank. Which of the following is Alan's Baltimore bank likely to collect the $300 from?
A. The Baltimore bank's regional Federal Reserve bank.
B. The U.S. Treasury.
C. The main Federal Reserve Bank in Washington, D.C.
D. The Federal Reserve Board of Governors.
A. The Baltimore bank's regional Federal Reserve bank.
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If the average annual growth rate in real GDP for a nation during the last decade was 4 percent per year and the average annual population growth rate was 3 percent per year during the same period, then the average annual growth rate of per capita
GDP was A) 1.00 percent. B) 1.33 percent. C) 0.75 percent. D) -1.00 percent.
During recessions investment
a. falls by a larger percentage than GDP. b. falls by about the same percentage as GDP. c. falls by a smaller percentage than GDP. d. falls but the percentage change is sometimes much larger and sometimes much smaller.
In professional baseball, some players earn over $20 million per year, while the average salary is about $4 million per year. The most likely explanation for this is that:
A. the market for baseball players is a winner-take-all market. B. racial discrimination. C. the best players are 5 times better than the average player. D. owners are overspending on players' salaries.
A fall in the price of bonds may lead to a(n):
A) decrease in aggregate demand and the price level due to a decrease in net exports. B) decrease in aggregate demand and an increase in the price level due to a decrease in investment. C) increase in aggregate demand due to an increase in net exports. D) increase in aggregate demand due to an increase in investment.