Which of the following is an asset for a bank?
A) shareholders' equity B) short-term borrowing
C) deposits of its customers D) loans
D
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Refer to Figure 4-3. If the market price is $2.50, what is the maximum number of ice cream cones that Kendra will buy?
A) 1 B) 2 C) 3 D) 4
Which of the following would cause the IS curve to shift?
A) a change in the multiplier B) a change in business or consumer confidence C) an increase in autonomous tax revenue D) All of these would shift the IS curve.
A lagging variable can be recognized by the fact that
A) its persistence is smaller than that of GDP. B) its turning points happen before the turning points of GDP. C) the turning points of GDP happen before its turning points. D) its persistence is larger than that of GDP.
The principle of diminishing marginal utility implies that total utility falls as consumption rises above a certain level
a. True b. False