The ________ that required separation of commercial and investment banking was repealed in 1999
A) the Federal Reserve Act.
B) the Glass-Steagall Act.
C) the Bank Holding Company Act.
D) the Monetary Control Act.
B
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Oil and oil products remain the main fuel for cars, planes, ships, and power plants. The amount of oil still in the earth is finite. Given this information, the supply of gasoline is ________.
A. relatively elastic B. greater than the quantity demanded C. relatively inelastic D. unit elastic
The long-run aggregate supply curve assumes that
A) the unemployment rate is more than 9 percent. B) there is no government purchasing of goods and services. C) only laborers are fully employed. D) all factors of production are fully employed.
If you were to ask your employer for a raise, which of the following would be your most effective argument?
A) "My marginal product is greater than my current wage." B) "I am willing to work more hours each week." C) "Increases in my productivity have resulted in greater revenue and profits for your business." D) "I have a job offer at another firm that will pay me more than my current wage."
If the Japanese government raised its budget deficit, then the yen would
a. depreciate and Japanese net exports would rise. b. depreciate and Japanese net exports would fall. c. appreciate and Japanese net exports would rise. d. appreciate and Japanese net exports would fall.