In the case of banks, "living wills" spell out:
A) how a bank would sell its assets and pay of its creditors in the event of shutdown.
B) the amount of bank resources to be retained as stockholders' equity.
C) the long term business development plans of systematically important financial institutions.
D) the balance sheet of systemically important financial institutions.
A
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Frictional unemployment is to ________ as structural unemployment is to ________
A) search; mismatch B) temperature; rigidity C) job training; output gap D) all of the above E) none of the above
If income increased by $20,000 . investment spending is fixed at $5,000 . government purchases are fixed at $10,000 . net exports are fixed at $500, and aggregate expenditure increases by $15,000 . what is the marginal propensity to consume (MPC)?
a. 0.25 b. 0.75 c. 0.33 d. 0.50 e. 0.70
A lump-sum tax, such as a $1000 tax that every family must pay one time, is
A. an autonomous tax. B. negatively related to real GDP. C. a regressive tax. D. a type of income tax.
A market situation in which there are a few large firms is called
A. oligopoly. B. monopoly. C. imperfect competition. D. monopolistic competition.