When the expenditure schedule is too low, the result is a(n)
a. unemployment surplus.
b. inflationary gap.
c. recessionary gap.
d. budgetary gap.
c
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The amount of deposits that banks must hold in reserve is
A) excess reserves. B) required reserves. C) total reserves. D) vault cash.
Which of the following would cause a leftward shift in the supply curve for car washes?
A. An increase in the number of cars in the city B. A decrease in taxes on car washes C. An increase in the price of car washing equipment D. A decrease in the price of water
If the Federal Reserve conducts an open market sale, the:
A. interest rate will not change. B. interest rate will increase. C. interest rate will decrease. D. money supply is increased.
Since 1950
A) economic expansions in the United States have been so short that expansions barely exist. B) the average length of expansions in the United States have become shorter as compared to before 1950. C) the average length of expansions in the United States have become longer as compared to before 1950. D) the average length of expansions in the United States are about the same length as compared to before 1950.