Compared to the averages for post World War II recessions, the recession of 2007-2009 was ________ in duration and the decline in real GDP was ________
A) shorter; smaller B) longer; smaller C) longer; greater D) shorter; greater
C
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Answer the following statement true (T) or false (F)
A bank has $100 million in assets and 50 percent of its assets are interest sensitive. The bank has $75 million in liabilities, 50 percent of which are interest sensitive. What is the bank's gap between interest-sensitive assets and liabilities?
What will be an ideal response?
Consider the market for smart phones. Which of the following shifts the demand curve rightward?
A) a decrease in the price of smart phones B) an increase in the price of smart phones C) an increase in the price of land-line phone service, a substitute for smart phones D) an increase in the supply of smart phones E) a decrease in the number of smart phone buyers
If Country A's real GDP grows at a rate of 14 percent per year, about how many years will it take for Country A's real GDP to double?
A) 10 B) 7 C) 5 D) 30 E) 14