Government policies designed to change the distribution of income to one that is more equal involve taking from the rich and giving to the poor
a. True
b. False
Indicate whether the statement is true or false
True
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Commercial bank reserves are typically less than 1 percent of total assets, however in 2013 bank reserves ________ because of ________
A) rose to around 88 percent; the financial crisis of 2008-2009 B) dropped drastically to near zero; the financial crisis of 2008-2009 C) rose to around 18 percent; the financial crisis of 2008-2009 D) dropped drastically to near zero; the wave of natural disasters experienced in the nation and around the world E) rose drastically to around 18 percent; the wave of natural disasters experienced in the nation and around the world
Why is the effect of saving so controversial to economists?
a. Increased saving always has an unambiguously positive effect on the economy b. Increased saving always has an unambiguously negative effect on the economy c. Increased saving may hurt the economy in the short run but help it in the long run d. Decreased saving my hurt the economy in the short run but help it in the long run e. Because different schools of economic thought use different definitions
Which of the following is one of the widely-acknowledged problems with the consumer price index (CPI) as a measure of the cost of living?
What will be an ideal response?
Monetary policy refers to the actions taken by the Treasury Department to set the level of the money supply.
Answer the following statement true (T) or false (F)