Commercial bank reserves are typically less than 1 percent of total assets, however in 2013 bank reserves ________ because of ________
A) rose to around 88 percent; the financial crisis of 2008-2009
B) dropped drastically to near zero; the financial crisis of 2008-2009
C) rose to around 18 percent; the financial crisis of 2008-2009
D) dropped drastically to near zero; the wave of natural disasters experienced in the nation and around the world
E) rose drastically to around 18 percent; the wave of natural disasters experienced in the nation and around the world
C
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Jessica must choose option A or option B. Option A gives her $10,000 for sure. Option B gives her $5,000 if a fair coin toss shows heads and $15,000 if it shows tails. If Jessica is risk averse her utility of wealth curve becomes
A) flatter as her wealth increases and she will choose option A. B) flatter as her wealth increases and she will choose option B. C) steeper as her wealth increases and she will choose option A. D) steeper as her wealth increases and she will choose option B.
If the functional form of the conditional variance function is incorrect, then
A) the standard errors computed by WLS regression routines are invalid B) the OLS estimator is biased C) instrumental variable techniques have to be used D) the regression R2 can no longer be computed
A move from J to K represents
A. a change in quantity supplied.
B. no change in supply.
C. an increase in supply.
D. a decrease in supply.
The term market mechanism refers to
A. Resource allocation based on consumer needs. B. Resource allocation based on a production possibilities curve. C. Government laws and regulations concerning how the market should operate. D. The use of market prices and sales to signal desired output.