A bank has $250 in checking deposits, $1,000 in savings deposits, $1,200 in time deposits, $1,000 in loans to businesses, $400 in outstanding credit card balances, $800 in government securities, $25 in currency in its vault, and $25 in deposits at
the Fed. Of these, ________ are part of M2.
A) $2,600 B) $2,450 C) $3,450 D) $2,850 E) $2,200
B
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A tax on buyers will shift the
a. demand curve upward by the amount of the tax. b. demand curve downward by the amount of the tax. c. supply curve upward by the amount of the tax. d. supply curve downward by the amount of the tax.
Which one of the following statements is true?
a. Cost-benefit analysis can give an accurate measure of all costs and benefits b. Cost-effectiveness analysis is always preferred to cost-benefit analysis c. Some costs and benefits will not be quantifiable in many cost-benefit analyses d. Policymakers should never use cost-benefit analysis due to its analytical weaknesses e. Cost-effectiveness analysis relies on economic techniques to determine policy objectives Feedback
In the above figure, if the Lorenz curve were to move closer to the diagonal line containing points b and c, the income distribution would be
A) more unequal. B) more equal. C) unchanged. D) More information is needed to determine how this change would affect the income distribution.
Assume the market price is greater than average total cost at the perfectly competitive firm's profit-maximizing level of output
In this case, the firm is earning positive economic profits, which act as an incentive for new firms to enter the market. Indicate whether the statement is true or false