There was a very clear line of demarcation, which divided commercial banks and thrift institutions until the year
A. 1950.
B. 1960.
C. 1970.
D. 1980.
D. 1980.
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What is meant by optimization? How does optimization by levels differ from optimization by differences?
What will be an ideal response?
Refer to Table 19-15. Consider the following data on nominal GDP and real GDP (values are in billions of dollars): The GDP deflator for 2015 equals
A) 94.1. B) 105.1. C) 106.2. D) 108.5.
When equilibrium real GDP falls short of potential GDP, there is a(n)
a. inflationary gap. b. potential gap. c. recessionary gap. d. precautionary gap.
People go to the bank more frequently to reduce currency holdings when inflation is high. The sacrifice of time and convenience that is involved in doing that is referred to as
a. inflation-induced tax distortion. b. relative-price-variability cost. c. shoeleather cost. d. menu cost.