Hitler's Germany was an example of a _________ economic system.
A. Capitalist
B. Fascist
C. Communist
D. Socialist
B. Fascist
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Consumers should purchase a good up to the point where MU = P.
Answer the following statement true (T) or false (F)
Which of the following would increase GNP in the United States?
A) an increase in the production of Japanese-owned Toyota cars in the U.S. B) an increase in the production of Japanese-owned Toyota cars in Mexico C) an increase in the production of Mexican-owned Grupo Minsa corn in the U.S. D) an increase in the production of U.S.-owned General Motors cars made in Mexico
The ratio of a bank's total reserves to its total transactions deposits is known as the
A. Reserve ratio. B. Deposit ratio. C. Excess reserves. D. Required reserves.
A recessionary gap occurs when
A. the short-run equilibrium level of real GDP is less than the level consistent with the long-run aggregate supply curve. B. the short-run equilibrium level of real GDP is greater than the level consistent with the long-run aggregate supply curve. C. short-run aggregate supply falls, but other things remain constant. D. aggregate demand rises, but other things remain constant.