If loans are $69,000 . excess reserves are $1,400, and checkable deposits are $80,000 . then the required reserve ratio must be:
a. 1.75 percent.
b. 12 percent.
c. 13.75 percent.
d. 17.5 percent.
e. 0.12 percent.
b
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Suppose that you consume only pizza and Diet Pepsi. The table above gives your utility from consuming these two goods. What is the marginal utility you get from the fourth slice of pizza?
A) 36 B) 18 C) 12 D) 4
The real interest rate equals the nominal interest rate ________ the inflation rate
A) times B) minus C) divided by D) plus
An increase in business taxes would tend to:
a. Decrease aggregate demand and decrease aggregate supply b. Increase aggregate demand and increase aggregate supply c. Increase aggregate demand and decrease aggregate supply d. Decrease aggregate demand and increase aggregate supply
________ raised average tariff rates by over 50 percent in the United States in 1930
A) The GATT B) The WTO C) NAFTA D) The Smoot-Hawley Tariff