Which of the following events did not contribute to the high rate of bank failures in the 1980s and 1990s?
a. The collapse of the communist world, principally Russia; because of the collapse,they could not pay off their loans to U.S. banks
b. Falling farm prices in the U.S.
c. Bad loans to Mexico
d. An unexpected slide in oil prices
e. Falling agricultural land values
A
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If the CPI for this year is 220 and the CPI for last year was 215, the inflation rate is
A) just over 2 percent. B) 5 percent. C) just over 5 percent. D) 10 percent.
According to classical economists, in the quantity theory of money,
a. the price level is strictly a function of the supply of money b. the supply of money is strictly a function of the price level c. if output is constant, an increase in the quantity of money will cause the price level to fall d. the money supply and the price level are inversely related e. the money supply is controlled by the government which is why we have had moderate (and sometimes more than moderate) inflation
Approximately half of all U.S. workers are employed by various levels of government
a. True b. False Indicate whether the statement is true or false
If the interest rate is 6 percent, to get back $300 in two years you would need to deposit ________ today.
A. $267.00. B. $275.22. C. $283.02. D. $291.26.