The operating costs of employees, office space, and equipment are some of the important costs of running a bank
a. True
b. False
Indicate whether the statement is true or false
True
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Jim Smith would like to work, but has not looked for work in the past four weeks because he does not believe any jobs are available. In the official employment statistics, Jim is classified as:
A. underemployed. B. unemployed. C. employed. D. out of the labor force.
If the government wishes to increase the level of real GDP, it might reduce
A. the size of the budget deficit. B. transfer payments. C. its purchases of goods and services. D. taxes.
The BEST example of making a choice at the margin is:
A) buying a new car. B) quitting your job. C) a coffee drinker drinking another cup of coffee. D) attending college.
An increase in expected inflation for any given nominal interest rate will cause the:
A. bond supply curve to shift to the left. B. price of bonds to increase. C. bond demand curve to shift to the right. D. price of bonds to decrease.