Financial institutions participate in which of the following activities?
A) indirect finance B) financial intermediation
C) the issuance of loans D) all of the above
D
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The legal reserve requirement is the
a. actual amount of reserves that banks must hold b. excess amount of reserves that a bank must hold c. minimum amount of reserves the Fed requires a bank to hold d. total amount of reserves that banks hold at all times e. maximum amount of reserves that banks can hold to remain liquid
Pauline is offered a Job in Minneapolis that pays $80,000 . She is offered a similar job in Louisville that pays $71,200 . Which pair of CPIs would ensure that the two salaries have the same purchasing power?
a. 90 in Minneapolis and 83 in Louisville b. 90 in Minneapolis and 72 in Louisville c. 100 in Minneapolis and 89 in Louisville d. 105 in Minneapolis and 90 in Louisville
Which adjustment(s) must be made to convert net domestic product to GDP?
i. add indirect taxes ii. subtract subsidies iii. add depreciation A) i, ii and iii B) i and ii C) iii only D) i and iii only E) ii only
The New York Times reported in November 2008 that 240,000 additional people lost their jobs which increased the unemployment rate to 6.5 percent
In addition, it was noted that a large number of college graduates were "taking jobs that do not require a college degree." It was also expected that "teens will be thrown out of the labor market....causing youths to miss experience" that could help them prepare for higher-skilled jobs. The article reflects the idea that unemployment is a problem because it results in A) a loss of human capital. B) fewer discouraged workers. C) a loss of income. D) a decrease in the labor force.