How does stock differ from flow?
A. A flow concept is a value at a point in time, while a stock concept has meaning over a specified period of time.
B. A flow concept has meaning over a specified period of time, while a stock concept is a value at a point in time.
C. The do not differ; both flow and stock concepts are values at a point in time.
D. They do not differ; both flow and stock concepts have meaning only over a specified period of time.
Answer: B
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Assuming that the reserve ratio is 10 percent, what amount of excess reserves are held by with the bank balance sheet listed below? ? Assets ? ? Liabilities & Net Worth ? Reserves $280,000 ? Checking Deposits $2,800,000 Loans Outstanding $2,920,000 ? ? ? Total $3,200,000 ? Net Worth ? ? ? ? Stockholders’ Equity $400,000 ? ? ? Total $3,200,000
A. zero B. $240,000 C. $280,000 D. $320,000
A demand curve with unit elasticity can never touch either the vertical or horizontal axes
a. True b. False Indicate whether the statement is true or false
If the marginal income tax rate falls from 50 percent to 40 percent:
A. after-tax wages decline. B. the incentive to work becomes weaker. C. the average tax rate rises. D. the incentive to work becomes stronger.
The figure below depicts the IS-LM-FE model with floating exchange rates.
At point B, the domestic currency
A. is under pressure to depreciate. B. is at its highest possible value in the foreign exchange market. C. is under pressure to appreciate. D. can remain relatively stable.