Total reserves are the sum of ________ and ________
A) excess reserves; borrowed reserves
B) required reserves; currency in circulation
C) vault cash; excess reserves
D) excess reserves; required reserves
D
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A single-price monopolist determines
A) its output but not its price. B) its price but not its output. C) both its output and its price. D) neither its output nor its price.
The LM curve will become steeper when
a. there is a larger money demand increase per unit increase in income. b. money demand is less sensitive to the interest rate. c. money demand is more sensitive to the interest rate. d. Both a and b e. Both a and c
The trade-off between current consumption and the production of capital goods is also a trade-off between
A) the future cost for capital goods and future cost of consumption goods. B) having fewer needs and more wants in the future. C) satisfying the needs of the poor and the wants of the wealthy. D) current consumption and future consumption.
The accounting identity for the economy's factor payments can be written as ____
a. GDP = wages + interest + rents + profits b. GDP = consumption + investment + government + intermediate goods + net exports c. GDP = wages + interest + rents + net exports d. GDP = wages + interest + rents + saving + investment