According to the "paradox of thrift," an increase in the
A. average propensity to save results in an increase in national output.
B. average propensity to save results in a decrease in unemployment.
C. saving function (upward shift) can result in a decrease in both national output and total saving.
D. consumption function (upward shift) results in a decrease in national income.
C. saving function (upward shift) can result in a decrease in both national output and total saving.
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SW's average one-way fare in the second quarter this year was $____, up from $88 in the second quarter of 2004.
Fill in the blank(s) with the appropriate word(s).
The presence of discouraged workers causes the measured unemployment rate to be:
What will be an ideal response?
Suppose the Federal Reserve purchases $10,000 of Treasury bonds from you and that you deposit the $10,000 into your checking account deposit at Bank Y. Assume that Bank Y has no excess reserves at the time you make your deposit and that the required
reserve ratio is 20 percent. a. Use a T-account to show the initial effect of this transaction on Bank Y's balance sheet. b. Suppose that Bank Y makes the maximum loan they can from the funds you deposited. Use a T-account to show the initial effect on Bank Y's balance sheet from granting the loan. Also include in this T-account the transaction from question (a.). c. Now suppose that whoever took out the loan in question (b) writes a check for this amount and that the person receiving the check deposits it in Bank Z. Show the effect of these transactions on the balance sheet of Bank Y and Bank Z, after the check has been cleared. On the T-account for Bank Y, include the transactions from questions (a) and (b). d. What is the maximum increase in checking account deposits that can result from your $10,000 deposit? What is the maximum increase in the money supply? Explain. What will be an ideal response?
During the 19th century, the great abundance of land compared to the availability of labor
A. attracted millions of immigrants. B. encouraged early marriage and large families. C. encouraged rapid technological development. D. All of the choices are true.