A bank's reserve ratio is 5 percent and the bank has $2,280 in reserve. Its deposits amount to
a. $114.
b. $2,166.
c. $2,400.
d. $45,600.
d
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What will be an ideal response?
According to the Monetarists, "Policy activism" is difficult if not impossible to perform successfully because
A) the timing of policy impacts on nominal GDP are known. B) the magnitude, size of impacts are known. C) the timing and magnitude of the impact of AD disturbances are known, forecasted with precision. D) Monetarists believe all of the above are correct.
Payroll taxes levy taxes on ________
A) consumption B) imports C) wages D) exports
Which of the following is an example of something economists study?
a. Mitch chooses to work overtime to earn extra income for his family. b. Megan sells her physics textbook from last semester to her roommate for half the price of a new textbook. c. The unemployment rate in the United States has fallen by two percentage points in the last few years. d. All of the above are correct.