Time deposits are considered a(n) ________ of a bank.
A. liability
B. required reserve
C. loan
D. asset
Answer: A
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The exact change in equilibrium output due to a shift in short-run aggregate demand depends on: a. the amount of tax imposed b. the steepness of the aggregate supply curve
c. the steepness of the aggregate demand curve d. the gap between the supply curve and the demand curve. e. the consumption pattern in the economy.
The unemployment rate that occurs in a normal functioning economy is often referred to as
A. cyclical unemployment. B. labor force unemployment. C. the natural rate of unemployment. D. seasonal unemployment.
A decline in the price of a bond causes the yield of the bond to
A. rise. B. fall. C. remain unchanged. D. rise if it's a short-term bond, fall if it's a long-term bond.
Money demand is given by Md/P = 1000 + .2Y - 1000i.Given that P = 200, Y = 2000, and i = .10, real money demand is equal to
A. 1300. B. 300,000. C. 1500. D. 260,000.