A bank's net interest income is roughly analogous to a manufacturing firm's
A) total reserves.
B) gross profit.
C) total cost.
D) gross interest income.
B
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The data in the table above shows the consumption by families in a small (poor) economy. The families consume only salt and bread. The reference base period is 2011. The CPI in 2011 is
A) 94.2. B) 140.5. C) 124. D) 100. E) 106.2.
The IS curve shows the combinations of output and the real interest rate for which
A) the goods market is in equilibrium. B) the labor market is in equilibrium. C) the financial asset market is in equilibrium. D) an increase in output will cause the market-clearing interest rate to be bid up.
Explain the differences between a federal budget deficit, a federal budget surplus, and the federal government debt
What will be an ideal response?
C = $5 million + 0.9(1 - 0.1)Y I = $7 million G = $6 million NX = $1 million Based on the above data, the equilibrium level of GDP is
A) $20.9 million. B) $23.5 million. C) $100 million. D) $111.8 million.