A commercial bank's reserves are equal to the amount of
A) the bank's loans.
B) only the currency in its vault.
C) currency in the bank's vault plus the balance on its reserve account at a Federal Reserve Bank.
D) the bank's deposits.
E) the bank's government securities.
C
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Use the figure below to answer the following question.
If actual production and consumption occur at Q1
A. economic surplus is maximized. B. missing surplus of b + d occurs. C. missing surplus of e + d occurs. D. consumer surplus is maximized.
How does the Current Population Survey determine if a person should be counted in the labor force?
What will be an ideal response?
In reviewing discussions of life in developing countries, what is it about lifestyles in the low-income countries compared with lifestyles in the high-income countries that most strikes you? Why?
What will be an ideal response?
If European economies experience a strong economic recovery, U.S. net exports will
a. increase and AD will shift outward. b. increase and AD will shift inward. c. decrease and AD will shift inward. d. decrease and AD will shift outward.