Before 1863
A) federally-chartered banks had regulatory advantages not granted to state-chartered banks.
B) the number of federally-chartered banks grew at a much faster rate than at any other time since the end of the Civil War.
C) banks acquired funds by issuing banknotes.
D) banks were required to maintain 100% of their deposits as reserves.
C
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If actual inflation is greater than the expected rate of inflation, then probably
A. the borrowers are made better off than lenders. B. the borrowers are made worse off than lenders. C. creditors gain at the expense of borrowers. D. savings accounts have increased in real terms.
The neoclassical perspective places more emphasis on
a. supply. b. demand. c. aggregate supply. d. aggregate demand.
In 2012, the number of workers per Social Security beneficiary was approximately ____; by the year 2030, this figure is expected to ____
a. 5; increase to approximately 8 b. 2.9; fall to approximately 2.2 c. 2.2; increase to approximately 3.2 d. 8; fall to approximately 5
Figure 5-2
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In Figure 5-2, an increase in government spending would cause
A. an outward shift in the aggregate supply curve and an increase in the price level. B. an outward shift in the aggregate demand curve and an increase in the price level. C. an inward shift of the aggregate demand curve and an increase in the price level. D. an inward shift of the aggregate demand curve and a decrease in the price level.