If MUx/Px exceeds MUy/Py, then the consumer should
a. consume more of good X and less of good Y
b. consume less of good X and more of good Y
c. consume less of both goods X and Y
d. not change the consumption levels of X and Y
e. consume more of good Z
A
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From 2004 to 2006, the U.S. budget was ________, private saving was ________ domestic investment, and foreign borrowing was ________
A) in deficit, less than, needed to finance deficit B) balanced, roughly equal to, not needed to finance deficit C) balanced, less than, substantial. D) surplus, greater than, negligible
Suppose a bank has assets of $500 million and capital of $100 million. Its return on assets is -3%. What is its leverage ratio? What is its return on equity?
What will be an ideal response?
Each year the government makes interest payments to people who own part of the public debt. The debt is in the form of
a. Federal Reserve Notes b. Treasury bills, notes, and bonds c. stocks and bonds d. FDIC notes e. private securities
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C