All large financial institutions have to hold a reserve of almost ___% of their demand deposits.
A. 2
B. 10
C. 12
D. 20
B. 10
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The dollar value of final output
A) is equal to total income. B) is less than total income. C) equals profits. D) is greater than total income.
In the long run, if 1,000 units are produced at a cost of $8,000 and 1,200 units at a cost of $9,200, then over this range of output there are
A) constant economies of scale. B) constant returns to scale. C) diseconomies of scale. D) economies of scale. E) constant diseconomies of scale.
What is a business cycle?
What will be an ideal response?
If government purchases are $400 million, taxes are $700 million, and transfers are $200 million, which of the following is true?
A) Public saving is $100 million. B) The budget deficit is $100 million. C) The budget deficit is $500 million. D) Public saving is $500 million.