Everything else held constant, an increase in wealth will cause the holdings of checkable deposits to the holdings of currency to ________ and the currency ratio will ________
A) increase; increase
B) increase; decrease
C) decrease; increase
D) decrease; decrease
B
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The opportunity cost of something is
A) what you sacrifice to get the good. B) the price you pay for the good. C) what you are willing to pay for the good. D) a measure of the scarcity of the good.
U-1 is a more ________ measure of unemployment rate than the conventional U-3 measure and U-1 counts as unemployed workers who ________
A) narrow; have been unemployed for 15 weeks or more weeks B) broad; have been laid off C) broad; are marginally attached to the labor force D) narrow; have been laid off E) broad; who are discouraged workers
Refer to Figure 2-1. ________ is (are) technically efficient
A) Point A B) Point B C) Point C D) Points B and C
The securitization of mortgages was first carried out by
A) Fannie Mae and Freddie Mac. B) WorldCom and Enron. C) the Federal Deposit Insurance Corporation (FDIC). D) Sarbanes-Oxley.