Which statement is true?
A. Income is more evenly distributed along curve X than curve Y.
B. Income is more evenly distributed along curve Y than curve X.
C. Income is equally distributed along curves X and Y.
D. It is impossible to determine income distribution by observing these curves.
B. Income is more evenly distributed along curve Y than curve X.
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Which of the following is classified as a liability for a commercial bank?
A) Reserves B) Commercial loans C) Demand deposits D) Deposits with the Federal Reserve
In the knowledge economy
A) the supply chain has been decomposed. B) property rights have been altered. C) increasing returns may occur more often. D) all of these choices.
The reform of the welfare system passed by Congress and signed by President Clinton changed the benefits for welfare recipients as it
a. decreased the number of people eligible for benefits, increased the benefit amount for those still eligible, and set a maximum coverage period of five years b. decreased the number of people eligible for benefits, cut the benefit amount for those still eligible, and set a maximum coverage period of three years c. increased the number of people eligible for benefits, cut the benefit amount for those still eligible, and set a maximum coverage period of three years d. decreased the number of people eligible for benefits, cut the benefit amount for those still eligible, and set a maximum coverage period of five years e. froze the number of people eligible for benefits, cut the benefit amount for those still eligible, and set a maximum coverage period of three years
Suppose the money multiplier in the United States is 3. Suppose further that if the Fed decreased the discount rate by 1 percentage point, banks change their reserves by 300. To increase the money supply by 2,700 the Fed should:
A. reduce the discount rate by 3 percentage points. B. raise the discount rate by 3 percentage points. C. raise the discount rate by 10 percentage points. D. reduce the discount rate by 10 percentage points.