The bank's statement of liabilities (what it owes) and assets (what it owns) is known as the
a. legal reserve requirement
b. fractional reserve system
c. federal funds rate
d. money creation account
e. balance sheet
E
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Which of the following is not in the index of leading economic indicators?
A) Average workweek B) Initial unemployment claims C) Building permits D) Producer price index
If Sarah decides not to hit Tom, what would Tom's best response be
a. Tell b. Not tell c. Run d. Hide
If one were to consider a university as a business, the computers in the computer labs would be regarded by economists as
a. technology flows. b. mechanization flows. c. part of the university's stock of capital. d. a flow of services from the university's stock of capital.
When a monopolistically competitive firm cuts its price to increase its sales, it experiences a loss in revenue due to the
A) substitution effect. B) income effect. C) price effect. D) output effect.