Which of these qualifies as a "miscellaneous liability" of a bank?
A) repurchase agreements
B) negotiable CDs
C) transactions deposits
D) savings deposits
A
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Inflation is defined as an increase in:
a. all consumer products. b. real GDP. c. the average price level. d. real wages of workers.
Assume that a 6 percent increase in income in the economy produces a 3 percent increase in the quantity demanded of good X. The coefficient of income elasticity of demand is:
A. negative and therefore X is an inferior good. B. positive but less than one; therefore X is an inferior good. C. positive and therefore X is an inferior good. D. positive and therefore X is a normal good.
The idea that the interaction of the multiplier and accelerator alone generates business cycles is ascribed to
a. external cycle theorists b. housing cycle theorists c. innovation theorists d. real business cycle theorists e. internal cycle theorists
Between 1979 and 2009, ________ real GDP per capita was less than that of ________
a. the United States'; Japan b. the United States'; the United Kingdom c. the United States'; France d. Canada's; Germany