The statement, "Corn is not high because a rent is paid, but a rent is paid because corn is high," was made by _________.
Fill in the blank(s) with the appropriate word(s).
David Ricardo
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The table below shows data (in millions) for Sun Trust Banks in September 2007 and September 2008. Suppose that the required reserve ratio is 3 percent
2007 2008 Loans $83 $78 Reserves $4 $5 Deposits $114 $95 The data show that Sun Trust ________ make more loans in 2007 and ________ make more loans in 2008. A) can; can B) can; cannot C) cannot; cannot D) cannot; can
If a country has a ________ exchange rate, its central bank must buy and sell its holdings of currencies to maintain a given exchange rate
A) flexible B) fixed C) floating D) all of the above
During the worst of the Great Depression, in 1932 and 1933, disposable income was so low that it actually ________ aggregate consumption, so that aggregate saving became ________
A) rose above, positive B) rose above, negative C) fell below, positive D) fell below, negative
Suppose you place your savings in a time deposit at the bank, and that bank lends some of those funds to a business that desires a loan. This is an example of
A) direct finance. B) indirect finance. C) asymmetric information. D) adverse selection.