A government program, once started, perpetuates itself because those in charge of administering the program often become its strongest supporters
a. True b. False
a
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What is NOT an interest bearing asset of commercial banks?
A. required reserves.
B. securities.
C. loans.
D. All of the above
Refer to Table 9-8. Suppose that the data in the table above reflect the price levels in the economy. What is the inflation rate in between 2015 and 2016?
A) 2% B) 5% C) 10% D) 12% E) 20%
Suppose a U.S.-made machine costs $500 and the exchange rate is 100 yen = $1 . A Japanese firm purchasing this machine would pay
a. 100 yen b. 500 yen c. 5,000 yen d. 10,000 yen e. 50,000 yen
A nonprice determinant of demand refers to something that:
A. affects demand other than the price. B. determines how large a role prices play in the demand decision. C. determines how prices are affected by income. D. affects the price other than demand.