Given the bank reserve-holding ratio e and the quantity of bank deposits D, the demand by banks for high-powered money is
A) eD.
B) e/D.
C) D/e.
D) e + D.
E) D - e.
A
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A tariff is
A) a subsidy granted to importers of a vital input. B) a tax imposed by a government on goods imported into a country. C) a limit placed on the quantity of goods that can be imported into a country. D) a health and safety restriction imposed on an imported product.
Low-income families consume proportionately more of which of the following kinds of goods?
a. Normal goods b. Inferior goods c. Luxury goods d. Substitute goods
Karen Chow was laid off her assembly line job last month and expects to be called back to work within six weeks. She is __________ unemployed.
A. frictionally B. structurally C. cyclically D. seasonally
One way the government can boost the economy out of a recession is:
A. with public announcements telling the public to save their money. B. by increasing government spending. C. by setting price ceilings on most goods so people can afford them. D. None of these will help an economy in recession.