The Lorenz curve represents the distribution of income
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following is correct? When expected leakages exceed expected injections, then:
a. Inventories rise, unemployment tends to rise, and prices tend to fall. b. Inventories rise, unemployment tends to fall, and prices tend to rise. c. Inventories fall, unemployment tends to rise, and prices tend to rise. d. It is impossible for these two to be unequal. e. The nation's economy expands.
The risk of crowding out is greater the closer the economy is to full employment.
Answer the following statement true (T) or false (F)
If most bankers could do what they wanted, they would probably hold reserves of about
A. 0%. B. 2%. C. 7-8%. D. 10-12%. E. 22-25%.
The Fed generally announces what it is doing with monetary policy in terms of a target for the:
A. discount rate. B. monetary base. C. reserve requirement. D. federal funds rate.