Which statement is true?
A. Actual reserves - required reserves = excess reserves.
B. Required reserves - actual reserves = excess reserves.
C. Required reserves + actual reserves = excess reserves.
D. None of the statements are true.
A. Actual reserves - required reserves = excess reserves.
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In the prisoner's dilemma game, each player's dominant strategy is also the Nash equilibrium
Indicate whether the statement is true or false
Assume the central bank decides to raise the discount rate. Where and how should you begin your analysis when analyzing the chain reaction of economic interactions?
a. Start the analysis in the real goods market with aggregate demand shifting to the right. b. Start the analysis in the real credit market with demand for real credit shifting to the left. c. Start the analysis in the real credit market with demand for real credit shifting to the right. d. Start the analysis in the real credit market with supply of real credit shifting to the left. e. Start the analysis in the real credit market with supply of real credit shifting to the right.
One of the features of money is its store of value. However, most people do not hold their wealth as currency. Given that currency is the most liquid type of asset, why don't people hold all their wealth as currency?
Actual investment is the:
A. investment a firm makes into stocks and bonds in order to generate profit. B. amount that firms really allocated to new capital resources and inventory accumulation. C. spending households engage in based on forecasted budget. D. amount that firms actually allocate to inventory accumulation.