Which of the following is NOT an asset of commercial banks?
A. home mortgages
B. business loans
C. savings deposits
D. consumer loans
Answer: C
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An increase in the marginal propensity to consume would cause the IS curve to
A) make a parallel shift to the right. B) make a parallel shift to the left. C) rotate to become steeper from its vertical intercept. D) rotate to become flatter from its vertical intercept. E) rotate to become flatter from its horizontal intercept.
The most common way for workers to hold market power is when:
A. a monopsony exists. B. they are unionized. C. they compete for minimum wage. D. there are a lot of them.
After graduating from high school, Adam is thinking about going to college. The college tuition is $15,000 a year. Instead of going to college, Adam could take a full-time job that pays $25,000. What is Adam's opportunity cost of attending college for
one year? A. $10,000 B. $15,000 C. $25,000 D. $40,000
If a country has a collapsing currency due to large budget deficits financed by monetary expansion, the cure is to
A) default on sovereign debt and restructure the economy. B) peg the currency to something different. C) cut the deficit and raise interest rates. D) increase the rate of inflation to reduce the real value of government debt.