You have savings accounts at two separately FDIC insured banks. At one of the banks your account has a balance of $200,000. At the other bank the account balance is $60,000. You find out the banks are going to merge. If you are concerned about the possibility of the new bank failing, you should:
A. consider moving $10,000 to another account at a different bank.
B. do nothing; you are still insured up $250,000 per account.
C. do nothing; as an individual you are only insured up $250,000 no matter where the accounts are.
D. consider moving $10,000 to another account at the same bank.
Answer: A
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Classical macroeconomic theorists believed that if the economy was in a slump, the government should ________.
A. increase spending B. maintain a balanced budget C. lower taxes D. print money
Fiscal policy
A) uses the tool of interest rates to stimulate private savings. B) uses the tools of taxation and spending in an effort to address inflation and unemployment. C) uses the tool of the exchange rate to discourage imports. D) uses the tool of business regulation to increase economic efficiency.
Which of the following is a determinant of market supply but not the supply curve of an individual firm?
A. Expectations. B. Technology. C. The price of factor inputs. D. The number of firms in the market.
Which of the following factors is projected to be the dominant source of economic growth in the U.S. from now until 2020?
A. Increase in hours per worker B. Increase in labor force C. Increase in population D. Increase in labor productivity