If you have a checking account at a local bank, your bank account there is a(n)
a. asset to the bank and an asset to you.
b. liability of the bank and a liability of yours.
c. liability of the bank and an asset to you.
d. asset to the bank and a liability of yours.
c
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The economy entered a recession in January of 2015, but GDP data alluding to the start of the recession was not published and analyzed by the Fed until July 2015. This exemplifies a(n)
A) recognition lag. B) implementation lag. C) impact lag. D) liquidity lag.
According to new Keyneisan theory, real wages are _____ correlated with employment and the portion of the population that is not in the labor market _____ with higher real wages
a. positively; rises. b. negatively, does not change. c. negatively, rises. d. positively; falls. e. none of the above.
Average fixed cost (AFC)
A) is the fixed cost divided by the average sales price of the final good. B) is the fixed cost divided by the quantity of output produced. C) is $0 when no output is produced. D) is always less than average variable cost (AVC).
Any country with highly attractive domestic investment opportunities and a low savings rate will tend to
a. run a current account deficit that is equal to its capital account surplus. b. run a current account surplus deficit over a long period. c. tend to be relatively poor (compared with other countries). d. run a current account deficit.