Human capital is
a. the same thing as technological knowledge.
b. the same thing as labor.
c. the tools and equipment operated by humans.
d. knowledge and skills that workers have acquired.
d
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Which of the following is not an example of a graph of a single variable?
a. a pie chart b. a bar graph c. a time-series graph d. a scatterplot
During a bank run, depositors decide to hold more currency relative to deposits and banks decide to hold more excess reserves relative to deposits
a. Both the decision to hold relatively more currency and the decision to hold relatively more excess reserves would make the money supply increase. b. Both the decision to hold relatively more currency and the decision to hold relatively more excess reserves would make the money supply decrease. c. The decision to hold relatively more currency would make the money supply increase. The decision to hold relatively more excess reserves would make the money supply decrease. d. The decision to hold relatively more currency would make the money supply increase. The decision to hold relatively more excess reserves would make the money supply decrease.
The various money supply measures (M1 and M2) are used to distinguish the
A. Speed with which banks transfer funds between themselves. B. Speed with which banks transfer funds between savings and checking accounts. C. Liquidity and accessibility of assets. D. Rate at which money flows through the economy.
Suppose a bank has $100 million in checking account deposits with no excess reserves and the required reserve ratio is 10 percent. If the Federal Reserve reduces the required reserve ratio to 8 percent, then the bank can make a maximum loan of
A) $0. B) $2 million. C) $8 million. D) $10 million.