In the equation Y = C + I + G,
a. only I is an exogenous variable determined by factors outside the model.
b. only G is an exogenous variable determined by factors outside the model.
c. C is an endogenous variable determined by factors inside the model.
d. I and G are exogenous variables determined by factors outside the model.
e. A, b, and c
C
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Savings-and-loans are now federally insured through the
A) FDIC. B) FSLIC. C) NCUSIF. D) Comptroller of the Currency.
Liquidity is:
A. a measure of how easily a particular asset can be converted quickly to cash without much loss of value. B. the speed with which dollars are spent in the economy. C. the speed with which physical dollars change hands in the economy. D. the magnitude of change in the money supply as controlled by the Fed.
If a bank receives a new demand deposit of $10,000 . and the legal reserve requirement is 20 percent, then the bank can lend out
a. $2,000 b. $10,000 c. $40,000 d. $8,000 e. $0
Over the past century, the main factor responsible for rising living standards in the United States has been productivity growth.
Answer the following statement true (T) or false (F)