During the 2007-2009 financial crisis the excess reserve ratio
A) increased sharply.
B) decreased sharply.
C) increased slightly.
D) decreased slightly.
A
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The BP curve shifts to the left when:
a. the exchange rate falls. b. interest rates rise. c. income rises. d. imports increase.
A college student is thinking about running an ice-cream truck over the summer. Which of the following would likely be included in the total cost of the business?
A. The cost of ice cream cones B. The cost of the truck C. The opportunity cost of the student’s time D. All of these would be included in total cost.
The present value of receiving M dollars in year t when the prevailing interest rate is i is equal to
a. M - it b. M ? (1 - i)t c. M/(1 + i)t d. M ? it e. M/it
Which of the following would increase the supply of laptop computers?
a. higher wage rates for the workers that produce laptop computers b. a technological improvement that lowers the cost of producing laptop computers c. an increase in the price of computer chips used to produce laptop computers d. all of the above