A key factor that determines the geographic extent of a housing market is the distance that commuters are willing to travel from home to work
Which of the following events would NOT help to expand the geographic extent of the housing market in a metropolitan area? A) Price of gasoline declines
B) State gasoline tax increases
C) Public transit fares decrease
D) none of the above
B
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According the principle of time inconsistency, the most important element of policy making is
a. predictability. b. transparency. c. credibility. d. judgment
Railroad construction in the late 19th century:
a. added little to economic fluctuations. b. strongly influenced capital formation. c. caused the three major financial crisis of that era. d. All of the above are correct. e. Only b and c are correct.
Bank One has reserves of $100,000, government securities of $200,000, loans of $700,000, and checkable deposits of $800,000. If the desired reserve ratio is 10 percent, Bank One can make additional loans totaling
A) $0.00. B) $10,000. C) $20,000. D) $80,000. E) $100,000.
Money supply would expand if people chose to hold borrowed funds in cash rather than in checking accounts
a. True b. False Indicate whether the statement is true or false