Which of the following is a normative economic statement?
A) Few auto mechanics are women.
B) Men and women should earn the same salary if they perform the same job.
C) Auto mechanics typically earned more than waitresses in the United States in 2017.
D) Most wait staff are women.
Answer: B
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The security provided by the federal government on money in banks is called
A) deposit insurance. B) a hedge fund. C) Social Security. D) investment equity.
Refer to Figure 4.1. The game described in the payoff matrix has the characteristics of a(n) ________ game
A) prisoner's dilemma B) pure coordination C) battle of the sexes D) assurance
Refer to Table 19-19. Given the information above, calculate the GDP deflator in 2015
A) 87 B) 95 C) 105 D) 114
Suppose that in Mysore, the reserve-deposit ratio is res = 0.5 - 2i,where i is the nominal interest rate. The currency-deposit ratio is 0.2 and the monetary base equals 100. The real quantity of money demanded is given by the money demand function L(Y, i) = 0.5Y - 10i,where Y is real output. Currently, the real interest rate is 5% and the economy expects an inflation rate of 5%. The money supply equals
A. 200. B. 300. C. 240. D. 400.