Refer to Scenario 18.1. When Curly made the loans to Moe, Larry, and Shemp, there were 500 coins' worth of receipts, so in total, the receipts were ________ backed by gold
A) 20%
B) 40%
C) 50%
D) 100%
B
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If growing income inequality results from changes in technology that, as a whole, make society better off, this will
A) increase the size of the economic pie. B) decrease the size of the economic pie because of the income inequality. C) not change the size of the economic pie because the positive technology changes will be offset by the increases in income inequality. D) result in complete income inequality as technology continues to change in the future.
Which of the following events shifts the aggregate demand curve leftward?
A) an increase in consumption expenditures B) a decrease in taxes C) a decrease in government expenditures on goods and services D) an increase in net exports of goods and services
A bank operates with reserves of $100, loans of $300 and securities of $100 . The bank's only liability is deposits of $400 since it has zero debt. Calculate the bank's leverage ratio
Refer to Scenario 1.2 below to answer the question(s) that follow.SCENARIO 1.2: A scientist wants to understand the relationship between automobile emissions and the level of global warming. The scientist collects data on the volume of automobile emissions and the levels of global warming over time. The scientist concludes that a 1% increase in automobile emissions causes a 0.0003% increase in average global temperatures. From this information he concludes that the automobile emissions are harmful to the environment and should be reduced to stop the increase in global temperatures.Refer to Scenario 1.2. The collection and use of the data on automobile emissions and global warming levels is an example of
A. econometrics. B. empirical economics. C. economic history. D. law and economics.