"Ceteris paribus" is a Latin expression that essentially means "holding everything else constant."
a. True
b. False
Indicate whether the statement is true or false
True
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The quantity theory of money assumes a constant ratio of ________
A) money demand to money supply B) money supply to nominal GDP C) money supply to real GDP D) real GDP to nominal GDP
The regulation that sets the minimum fraction of deposits banks must hold in reserve is called the:
A. reserve requirement. B. money multiplier. C. interest rate. D. dual mandate.
Suppose a bank has demand deposits of $2,500, excess reserves of $125, and a reserve requirement of 25 percent. What is the loss in the money expansion process of the whole banking system if the bank decides to lend out only $100?
a. $100 b. $150 c. $200 d. $400 e. $500
Suppose the Dow Jones Industrial Average has risen for three days in a row. According to the efficient markets theory of stock prices,
a. it will probably fall again tomorrow b. it will probably rise tomorrow to compensate for recent losses c. it is more likely to rise tomorrow than if it had fallen three days in a row d. it is just as likely to rise again tomorrow as if it had fallen three days in a row e. it will most likely remain unchanged tomorrow