A change in real GDP divided by a change in investment is called the:
a. spending multiplier.
b. demand multiplier.
c. equilibrium multiplier.
d. investment multiplier.
e. spending multiplier
e
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Assume a simplified banking system subject to a 20 percent required reserve ratio. If there is an initial increase in excess reserves of $100,000, the money supply
A. increases $100,000. B. increases $500,000. C. increases $600,000. D. decreases $500,000.
All of the following are examples of electronic funds EXCEPT
A) credit cards. B) debit cards. C) stored value cards. D) e-cash.
Which of the following is a problem when comparing GDPs per capita between nations?
a. Fluctuations in exchange rates affect differences in GDP per capita. b. GDP per capita fails to measure income distribution. c. All of the answers are correct. d. GDP per capita is subject to greater measurement errors for LDCs compared to IACs.
Bob is unemployed because his skills have become obsolete due to technological advances. This is ____ unemployment.
A. frictional B. structural C. cyclical D. seasonal