The short-run aggregate supply curve shows that inflation will change as a result of changes in ________
A) output
B) potential output
C) expected inflation
D) price shocks
E) all of the above
E
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In the housing market, rents serve the purpose of
A) making landlords rich. B) rationing the availability of existing housing. C) providing an entry by the government into the housing market. D) increasing tax collections by the community.
Given the information that follows, how much are (a) accounting profits? (b) economic profits? Sales: $2 million; explicit costs: $1 million; wages you and your family members could have earned doing the same work for another firm: $150,000; return you could have earned by investing your money elsewhere: $100,000
What will be an ideal response?
Answer the following question based on the information given below: Deposits at the central bank = 400 U.S. Government Securities = 600 Checking Deposit = 1,700 Loans = 800 Stockholder's Equity = 70 Other Assets = 450 Other Liabilities = 380 Borrowing from the central bank = 250 Cash in the Vault = 150 If the reserve requirement is 20%, the level of excess reserves equals:
a. 210 b. 440 c. 70 d. 550 e. Cannot be determined with this information.
If $1 is worth 10 yen, then 1 yen is worth:
A. $1.00. B. $0.01. C. $1.10. D. $0.10.