Changes in reserve requirements directly and immediately affect
A) the monetary base.
B) banks' holdings of securities.
C) the Fed's holdings of foreign exchange.
D) the money multiplier.
D
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Recall the Application. Recessions can occur either when there is a(n) ________ in aggregate demand or a(n) ________ in aggregate supply
A) decrease; increase B) increase; increase C) decrease; decrease D) increase; decrease
The base year is 2011. A country only produces Blu-ray players. The price of a Blu-ray player in 2011 was $100. The price of a Blu-ray player was $90 in 2012
The quantity of Blu-ray players produced in 2011 was 10,000 units and in 2012 was 10,500 units. Nominal GDP in 2012 equals A) $945,000. B) $1,000,000. C) $1,050,000. D) $900,000. E) an amount that cannot be determined without information about nominal GDP in 2008.
It is possible to completely eliminate scarcity
a. True b. False Indicate whether the statement is true or false
Economic growth can result from a(n):
A. decrease in the number of workers available. B. increase in the amount of consumer goods produced. C. increase in the amount of productive resources. D. increase in number of the minimum wage jobs.