In an economy without government or trade, it must be true that:
A. savings equals investment.
B. consumption equals savings plus investment.
C. consumption plus savings equal investment.
D. consumption plus investment equal national savings.
A. savings equals investment.
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In the U.S., time use data is collected on a national level by the:
a. Consumer Product Safety Commission b. Federal Reserve Board c. Dept. of Health and Human Services d. Bureau of Labor Statistics (BLS)
For banks, the central bank acting as a lender of last resort helps to reinforce the effect of deposit insurance and to reassure bank customers that they will not ___________ their money.
a. access b. spend c. find d. lose
If Tucker National Bank has $10,000 in excess reserves that it cannot lend:
A. the money multiplier increases. B. the money multiplier decreases. C. the money multiplier stays the same. D. checkable deposits increase.
If the seller knows more about the good than the buyer knows, there exists:
A. an externality. B. asymmetric information. C. moral hazard. D. a public goods problem.