A severe storm that slows postal delivery will cause
A) a decrease in Federal Reserve float.
B) a decrease in Federal Reserve notes outstanding.
C) an increase in Federal Reserve float.
D) an increase in Federal Reserve notes outstanding.
C
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What is an efficient way to study for an economics exam?
A) Attend every lecture and take copious notes. B) Read the assigned material once before each class and once after. C) Form study sessions with others in class. D) Put off everything and instead cram the night before the exam. E) Any of the above might be efficient, depending on one's perceived costs and benefits.
The SDR (Special Drawing Rights) is issued by the
A) IMF. B) Federal Reserve Bank. C) European Monetary System. D) World Bank.
A theory is:
a. based only on critical factors or variables. b. a simplified abstraction of the real world. c. a detailed description of reality. d. a and b.
Keynesian economics focuses on the role of aggregate spending in determining the level of real GDP
a. True b. False Indicate whether the statement is true or false