In the U.S. today:
A. most banks are state chartered.
B. there are approximately equal numbers of state and federally chartered banks.
C. all new banks are federally chartered.
D. most banks are federally chartered.
Answer: A
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If exports and imports both fell, but exports fell less than imports, a. AD would decrease
b. AD would increase. c. AD would be unaffected. d. AD could either increase or decrease.
Suppose that Canada decides to peg its dollar ($C, or the loonie) to the U.S. dollar at an exchange rate of $C1 = $US1. What will happen to the Canadian IS curve as a result of the leftward shift of the U.S. IS curve?
A) It will shift rightward. B) It will shift leftward. C) It will not change. D) The IS curve will show an increase.
Dexter Exploration is in the business of drilling offshore oil wells. What would economists call the production period over which Dexter could locate new oil fields, move its equipment to them, and drill wells?
a. the long run b. the short run c. the margin run d. the fixed term
Refer to the information provided in Figure 26.8 below to answer the question(s) that follow.
Figure 26.8Refer to Figure 26.8. Suppose the economy is currently at Point A producing potential output Y0. If the government decreases spending, the economy moves to Point ________ in the short run and to Point ________ in the long run.
A. B; C B. D; E C. C; B D. B; D