A macroeconomist would study
A. the cost problems at several airlines.
B. the economy's total income level.
C. the price changes of smart phones.
D. none of these
Answer: B
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Assuming all excess reserves are loaned out, currency holdings by the public are zero, and a reserve ratio of 20 percent, an initial deposit of $850 will lead to total deposits of
A) $425. B) $850. C) $4,250. D) $42,500.
Technological advances lead to ________
A) a shift of the short run AS curve up B) a shift of the long run AS curve to the left C) an upward movement along the long run AS curve D) all of the above E) none of the above
Borrowers:
A. gain from inflation, as the value of their debt decreases. B. lose with inflation, as the value of their debt decreases. C. gain from inflation, as the value of their debt increases. D. lose with inflation, as the value of their debt increases.
Nominal wages can be converted into real wages by
a. multiplying the nominal wages by the CPI. b. adding the CPI to the nominal wages. c. subtracting the CPI from the nominal wages. d. dividing the nominal wages by the CPI.