The market basket that is used by the Bureau of Labor Statistics to calculate prices is made up of which of the following?
(A) Food items only.
(B) Typical goods and services for an urban household.
(C) Nonfood items only.
(D) Food and necessary services for any family.
Ans: (B) Typical goods and services for an urban household.
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Decisions by depositors to increase their holdings of ________, or of banks to hold ________ will result in a smaller expansion of deposits than the simple model predicts
A) deposits; required reserves B) deposits; excess reserves C) currency; required reserves D) currency; excess reserves
Only the most reputable borrowers operate by ________ finance, such as selling securities ________
A) indirect, to savings banks B) indirect, on the bond market C) direct, to savings banks D) direct, on the bond market
The "capture" in the capture hypothesis occurs because
A) regulators try to promote everyone's best interest. B) society doesn't care for regulatory agencies. C) regulators always know what is in society's best interest. D) regulators usually have been or will be associated with the industries they regulate.
A series of ascending indifference curves is called
a. a demand curve b. a budget constraint c. an indifference map d. marginal-utility-to-price ratio curves e. consumer surplus