With overnight repos, __________ earn interest while sacrificing virtually no liquidity
A) corporations
B) banks
C) governments
D) consumers
A
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If the economy is in an inflationary gap, actual income is
A. to the right of LRAS B. to the left of LRAS C. on LRAS D. above LRAS
Risk pooling occurs when:
A. people organize themselves in a group to collectively absorb the cost of the risk faced by each individual. B. people organize themselves in groups according to how risk-averse they are. C. people organize themselves in groups according to recognizable characteristics. D. companies organize individuals into groups according to how risk-averse they are.
Economic growth due to labor force expansion or capital investments will result inI.A leftward shift of short-run aggregate supply.II.A rightward shift in long-run aggregate supply.
A. I only B. II only C. Both I and II D. Neither I nor II
The "dependency ratio" refers to
A) the average number of children or other dependents in a household B) the size of the working age population relative to the senior population C) the number net recipients of governmental aid relative to the number of net tax payers D) the ratio of households that do not pay income tax to households that pay income tax