Among the liabilities of a bank are its
A) transaction deposits.
B) total reserves.
C) excess reserves.
D) loans.
A
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In the above figure, if the market is competitive and unregulated
A) more than the efficient amount of output will be produced. B) less than the efficient amount of output will be produced. C) the efficient amount of output will be produced. D) the distribution of income will be fair.
If the reserve ratio is 7.5 percent, the money multiplier is
a. 7.5. b. 10.3. c. 13.3. d. 11.3.
Which of the following headlines is more closely related to what microeconomists study than to what macroeconomists study?
a. Unemployment rate falls from 7.5 percent to 7.3 percent.
b. Real GDP falls by 0.4 percent in the third quarter.
c. Inflation was 2.4 percent last year.
d. The price of gasoline rises due to rising oil prices.
"Show me a pastoral society with an untouched environment, an abundance of leisure, and nonsecular values, and I will show you an underdeveloped, poverty-ridden country." This statement is most likely to be made by a(n):
A. proponent of economic growth. B. critic of economic growth. C. advocate of network effects. D. advocate of learning by doing.