Refer to Figure 13A.1. When the economy reaches K:
A. depreciation equals saving.
B. depreciation is zero.
C. capital stock increases.
D. economic growth through capital deepening continues to increase.
Answer: A
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The money multiplier is approximated as being equal to:
A. one divided by the reserve ratio. B. one divided by the federal funds. C. demand deposits multiplied by the interest rate. D. demand deposits multiplied by the reserve ratio.
In 2017, the national debt was about ______.
a. $1 million per person b. $1 million per household c. $60,000 per person d. $60,000 per household
In the past few centuries, choices have led to a substantial decline in the standards of living around the globe.
Answer the following statement true (T) or false (F)
According to the liquidity premium theory, what does a flat yield curve indicate?
A) Short-term interest rates are expected to remain stable. B) Short-term interest rates are expected to rise. C) Short-term interest rates are expected to fall. D) Long-term interest rates are expected to fall.