Refer to the scenario above. What is the number of employed workers in the economy?
A) 1 million B) 2 million C) 3 million D) 4 million
C
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Who receives benefits if regulation works according to social interest theory?
A) the entire economy B) cohesive interest groups C) everyone not in the cohesive interest group D) the regulators E) It is impossible to determine who benefits.
When a bank receives deposits,
A) it must hold the entire amount as reserves in case of withdrawal. B) the Fed requires it to hold only a small percentage as reserves. C) it and it alone decides how much it will hold as reserves. D) its liabilities increase in amount but its assets do not change. E) its assets increase in amount but its liabilities do not change.
The government budget involves:
A. money coming in as tax revenues. B. money going out through government purchases. C. money going out to individuals for programs that do not involve goods or services. D. All of these are true.
If the public switches from using cash for most transactions to using checks instead, then all else equal, the money supply will:
A. either increase or decrease. B. decrease. C. increase. D. not change.