Which US President was in office during World War I?
a. Grover Cleveland.
b. Herbert Hoover.
c. Abraham Lincoln.
d. Woodrow Wilson.
d. Woodrow Wilson.
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What is measured on the horizontal axis on the aggregate demand graph?
A) nominal income B) real GDP per year C) unemployment D) the price level
If Stock A sometimes increases and sometimes decreases in value when Stock B decreases in value at the same time, they are
A) negatively correlated. B) uncorrelated. C) positively correlated. D) random bets.
Which of the following is true of a competitive market? a. The rules of supply and demand do not apply to it
b. Buyers and sellers have little market power. c. Each buyer's or seller's effect on market price is substantial. d. Few sellers offer similar products.
If the entire banking system has total deposits of $4 billion and a reserve requirement of 5 percent, then the maximum possible amount of loans that the banking system can make equals $2 million
a. True b. False Indicate whether the statement is true or false