The currency—deposit ratio is determined by
A) banks.
B) the public.
C) the Federal Reserve.
D) Congress.
B
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The expenditure approach to measuring GDP is done by using data on only
A) consumption expenditure. B) consumption expenditure and investment. C) consumption expenditure, investment, government expenditure on goods and services, and net exports of goods and services. D) consumption expenditure, investment, and government expenditures. E) wages, rent, interest, and profit.
Which of the following is true about the U.S. economy?
A. It had greater economic problems than other Western countries in the 1990s. B. It still experiences periods of inflation and unemployment. C. It has experienced 30 years of outright recession in the last 50 years. D. It has been able to do away with the business cycle.
The slope of an indifference curve
A. is the rate at which the consumer is willing to exchange one good for another, utility held constant. B. shows the rate at which the consumer is able to substitute goods in the market. C. shows the change in utility from an additional unit of the good. D. is equal to the price ratio at all points. E. all of the above
How is moral hazard related to health care?
What will be an ideal response?