Which of the following statements best completes this sentence: "On a bank's balance sheet..."?
A. liabilities show the sources of funds and assets show the uses of funds.
B. liabilities show the uses of funds and assets show the sources of funds.
C. net worth shows the sources of funds and liabilities show the uses of funds.
D. assets show the sources of funds and the net worth shows the uses of funds.
Answer: A
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If product prices decrease more than nominal wages decrease, the real value of wages will increase
Indicate whether the statement is true or false
Refer to the graph shown. Economic output in year 0 is $50 billion. What is potential output in year 3?
A. $54.6 billion B. $50 billion C. $47.0 billion D. $56.3 billion
A cost of aggregation is that:
A. broad economic trends are obscured B. details about individual households and firms are lost C. economy-wide totals cannot be obtained D. the "big picture" cannot be studied
When the real interest rate rises
A) there is a downward movement along the demand for loanable funds curve. B) there is an upward movement along the demand for loanable funds curve. C) the demand for loanable funds curve shifts rightward. D) the demand for loanable funds curve shifts leftward.