The optimal decision rule is less than unanimity
a. True b. False
a
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The Federal Reserve reports that it has coins valued at $10 billion, bank reserves at the Fed of $15 billion, gold valued at $10 billion, Federal Reserve notes of $400 billion, and U.S. government securities of $300 billion
What is the size of the monetary base?
The difference between the average earnings of eye surgeons and those of janitors is an example of
a. a temporary differential b. a permanent differential c. a resource price difference that will cause a reallocation of resources to different uses d. a temporary difference that will be eliminated through the reallocation of resources to different uses e. a differential caused by a lack of resource mobility
Which of the following is considered a major player in the financial system?
A. Intermediaries B. Entrepreneurs C. Speculators D. Students
Which one of the following events contributed to U.S. government budget surpluses?
a. World War II b. defense spending decline in the 1990s c. recession of 2008–2009 d. tax cuts of 2001