Net interest income for a bank is:
A. the difference between interest income and total expenses.
B. the difference between gross income and net income after taxes.
C. the difference between interest income and interest expense.
D. the interest banks earn from uses of funds.
Answer: C
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Refer to Figure 27-10. In the graph above, suppose the economy in Year 1 is at point A and is expected in Year 2 to be at point B. Which of the following policies could Congress and the president use to move the economy to point C?
A) buy Treasury bills B) increase income taxes C) increase government spending D) decrease the discount rate
Assume a change in price causes the price elasticity of demand for a good (in absolute value) and marginal revenue to decrease. In this case we can conclude that the price of the good was:
A) increased. B) held constant. C) decreased. D) cannot be determined.
The natural rate of unemployment is that rate at which the economy achieves its potential real GDP
a. True b. False Indicate whether the statement is true or false
Which of the following is true? a. Total utility is the aggregate level of satisfaction that results from consumption of a given number of goods and services. b. Marginal utility is the additional satisfaction generated by the last unit of a good that is consumed
c. Total utility equals marginal utility of the last unit times the number of units consumed. d. Both a. and b. are true.