Scott makes his rent payment on time every month, but half of the time his checks bounce. Scott's landlord wastes several days dealing with a great deal of paperwork to get the funds. The landlord tells Scott that he will accept a check only if Scott's bank guarantees that the funds have been set aside out of Scott's account. This type of check is known as a:
a. cashier's check.
b. postdated check.
c. certified check.
d. teller's check
Ans: c. certified check.
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If the consumption function is C = 90 + 0.75y, then the marginal propensity to consume is
A) 0.2.5. B) 0.75. C) 67.5. D) 90.
Refer to Table 15-5. Suppose the table above illustrates the values of real and potential GDP and the price level if the Fed does not vote to change their current policy to be more contractionary or expansionary
Suppose that the Fed uses an appropriate policy and is successful in keeping real GDP at potential in 2017. State whether each of the following will be higher or lower than if the Fed had taken no action: a. Real GDP b. Potential real GDP c. The price level d. The unemployment rate
All of the following tend to coincide with an increase in unemployment except
A. Fatal heart attacks. B. Decreased stress levels. C. Admissions to mental institutions. D. None of the choices are correct.
Identify two variables that shift the desired investment curve. Is desired investment negatively related or positively related to each of these variables?
What will be an ideal response?