By 2007, the deficit
A. was out of control and increased substantially soon thereafter.
B. seemed under control but increased substantially soon thereafter.
C. was out of control but decreased substantially soon thereafter.
D. seemed under control and decreased substantially soon thereafter.
Answer: B
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The self-correcting tendency of the economy means that falling inflation eventually eliminates:
A. exogenous spending. B. recessionary gaps. C. expansionary gaps. D. unemployment.
One way to solve the problems caused by information asymmetry is:
A. screening. B. signaling. C. building a reputation. D. All of these are solutions to information asymmetry.
Assume that the reserve requirement is 10 percent. If a bank has total deposits of $80 million, then the required reserves must equal:
a. $80 million. b. $12 million. c. $50 million. d. $8 million. e. $10 million.
The main advantage of money market deposit accounts over traditional checking accounts is the ease of check writing
a. True b. False Indicate whether the statement is true or false