In the long run, the output is determined by
A. demand-C,I,G,NX
B. available factors of production - capital, labor, etc.
C. interest rates
D. quantity of money
Ans: B. available factors of production - capital, labor, etc.
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Which of the following is a service of depository institutions?
A) decreasing the liquidity drain of funds in the banking system B) monitoring the Federal Reserve C) pooling risk D) loaning funds to other depository institutions at the discount rate
An economy that has a debt crisis is most likely to have
a. income greater than absorption b. production in excess of total demand c. low inflation d. an undervalued currency e. all of the above
Which of the following assumptions best explains how people make decisions, according to economists?
a. People make the best choice they can because they do not want to make themselves worse off. b. Money incentives matter the most because no matter how much people have they want more. c. Few people are systematic about decision making, and many disregard their own values. d. Individuals consider past experiences but fail to evaluate expected future circumstances.
The act of taking a net asset position or a net liability position in some asset class is referred to as
A. buying. B. hedging. C. speculating. D. investing.