Banks try to keep their excess reserves at a maximum in order to maximize profits
a. True
b. False
Indicate whether the statement is true or false
False
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Rent control is an example of a price floor
Indicate whether the statement is true or false
One reason governments impose taxes is to:
A. raise government revenues. B. increase consumer spending. C. spur economic growth. D. encourage more production.
Which of the following is true?
a. Inflation and unemployment rates can both decrease in the short run in response to negative supply shocks. b. Inflation and unemployment rates cannot both increase or both decrease in the short run in response to changes in aggregate demand. c. Inflation and unemployment rates can both increase in the short run in response to positive supply shocks. d. All of the above are true.
When the European interest rate falls, the foreign expected dollar return curve shifts:
a. in. b. out. c. not at all. d. Not enough information is provided to answer the question.