In the circular flow model, the value of total income for an economy ________ the value of total production
A) equals B) is greater than
C) may be greater than or less than D) is less than
A
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The table below shows data (in millions) for Sun Trust Banks in September 2007 and September 2008. Suppose that the required reserve ratio is 3 percent
2007 2008 Loans $83 $78 Reserves $4 $5 Deposits $114 $95 The data show that Sun Trust ________ make more loans in 2007 and ________ make more loans in 2008. A) can; can B) can; cannot C) cannot; cannot D) cannot; can
Outline the policy choices for contractionary and expansionary options of the Fed
Economics is best defined as the study of:
A. supply and demand. B. the financial concerns of businesses and individuals. C. inflation, interest rates and the stock market. D. how people make choices in the face of scarcity and the implications of those choices for society as a whole.
Refer to the consumption schedule above. Disposable income equals consumption at point:
A. A
B. C
C. D
D. G