Suppose you bank at Bank A and you write a check to your friend, who banks at Bank B. After the check clears, _____
a. both Bank A's and Bank B's assets increase
b. both Bank A's and Bank B's assets decrease
c. Bank A's assets increase and Bank B's assets decrease
d. Bank A's assets decrease and Bank B's assets increase
e. there is an increase in the Federal Reserve's assets
d
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Empirical evidence indicates that higher real interest rates lead to ________ in savings.
A. modest decreases B. no change in C. substantial increases D. modest increases
Are national forests public goods? Explain.
What will be an ideal response?
According to the short-run aggregate supply curve, if output minus potential output equals zero, then ________
A) unemployment might be zero B) inflation might be stable C) expected inflation must be stable D) price shocks must be zero E) none of the above
Recent research in growth theory extends the traditional analysis by making the rates of
a. technological change and/or population growth exogenous. b. technological change exogenous and population growth endogenous. c. population growth and/or technological change endogenous. d. population growth exogenous and technological change endogenous.