In situations in which prices cannot be used to signal relative scarcities of goods, which of the following can serve as a rationing mechanism?
A) queuing
B) political power
C) random assignment
D) all of the above
D
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A bank has $100,000 in checkable deposits and $30,000 in reserves. If the required reserve ratio is 10%, what is the amount of excess reserves?
A) $0 B) $10,000 C) $20,000 D) $30,000
Answer the question based on the following price and output data over a five-year period for an economy that produces only one good. Assume that year 2 is the base year.YearUnits of OutputPrice Per Unit18$22103315441855206In year 4, nominal GDP would be:
A. $60. B. $316. C. $90. D. $120.
Which of the following reasons offered for why crime fell in the 1990s does the Brennan Center suggest had a significant impact?
A. The increased use of the community policing. B. The increased use of the death penalty. C. The increased use of gun buyback programs. D. The increased effective length of prison sentences.
Which of the following appears in M2 and NOT M1?
A) checking account balances B) currency C) traveler's checks D) money market mutual funds