The period between two successive peaks in a business cycle is called a contraction
a. True
b. False
Indicate whether the statement is true or false
False
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To be considered employed, a person must have worked at least __________ hour(s) during the previous week
a. 40 b. 20 c. 10 d. 12 e. 1
A banking system that provides people immediate access to their deposits, but that allows banks to hold only a portion of those deposits on reserve, is known as
a. an excess reserve system b. a fractional reserve system c. the Fed d. the FDIC e. an asset-based system
Everything else held constant, an increase in the currency ratio will mean ________ in the M2 money multiplier and ________ in the M2 money supply
A) an increase; an increase B) an increase; a decrease C) a decrease; an increase D) a decrease; a decrease
In comparing China to Canada, China's relatively ________ growth rate in GDP would make you more likely to take a job in China, and China's relatively ________ level of GDP would make you less likely to take a job in China
A) low; low B) high; low C) high; high D) low; high