Expected value and expected utility are synonyms.
Answer the following statement true (T) or false (F)
False
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The reserve ratio is 20 percent. After the Fed buys $1 million in U.S. government securities from a bond dealer by transmitting the funds to the dealer?s deposit account at Bank A, Bank A lends a construction company an amount equal to its excess reserves. The construction company spends the entire amount on lumber from a lumber yard, which deposits the construction company?s check in its deposit account with Bank A. The maximum loan Bank A can now make is
A) $0. B) $640,000. C) $800,000. D) $1 million.
The firm can calculate all points on its total cost curve if it knows
a. its production function. b. the prices of inputs and of output. c. its average cost at its optimal output level. d. the prices of inputs and its production function.
In which case can we be sure real GDP rises in the short run?
a. government purchases increase and taxes rise. b. government purchases increase and taxes fall. c. government purchases decrease and taxes rise. d. government purchases decrease and taxes fall.
If a U.S. firm buys stereos from a Japanese firm and the Japanese firm uses the dollars it gets to buy U.S. Treasury bonds, what items are recorded in the U.S. balance of payments accounts?
A. Increase in trade balance; increase in financial account balance B. Decrease in trade balance; increase in financial account balance C. Increase in trade balance; decrease in financial account balance D. Decrease in trade balance; decrease in financial account balance