In setting reserve requirements, the Fed divides deposits into which of the following two broad categories?
a. NOW accounts and ATS accounts
b. savings accounts and non personal time accounts
c. transaction accounts and non personal time accounts
d. check able deposits and transaction accounts
c. transaction accounts and non personal time accounts
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Refer to Figure 4.8. How many stable Nash equilibrium points are there in this game?
A) 0 B) 1 C) 2 D) 3
Even when earning zero profit, exporters (nearly) equalize prices across markets. ?
Answer the following statement true (T) or false (F)
The supply curve of labor is typically upward sloping because
a. a decrease in the wage rate causes workers to work more hours b. the opportunity cost associated with giving up leisure time rises c. some workers leave the industry when the wage rate is too high d. all workers show the same willingness to work at a given wage rate e. the price of the good rises as more workers are hired and more output is produced
U.S. poverty is more about ________ deprivation than ________ deprivation.
A. relative; absolute B. insignificant; relative C. absolute; significant D. meaningful; mild