The balance sheet of a depository institution lists:
a. loans to private individuals as assets.
b. excess reserves as liabilities.
c. checkable deposits as liabilities.
d. required reserves as liabilities.
e. loans from the central bank as assets.
c
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Refer to Table 14-1. Let's suppose the game starts with each firm adhering to its original budget so that Godrickporter earns a profit of $6,000 and Star Connections earns a profit of $12,000
Is there an incentive for any one firm to increase its advertising budget? A) No, neither firm has an incentive to raise its advertising budget. B) Yes, Godrickporter has an incentive to increase its advertising budget, but Star Connections does not. C) Yes, Star Connections has an incentive to increase its advertising budget, but Godrickporter does not. D) Yes, both firms have an incentive to raise their advertising budgets.
Which of the following firms is most likely to have market power?
a. a grocery store in a metropolitan area b. a convenience store in a suburb c. a pub in a college town d. the only gasoline station in a rural area
GDP in an economy is $11,050 billion. Consumer expenditures are $7,735 billion, government purchases are $1,989 billion, and gross investment is $1,410 billion. Net exports are:
a. - $84 billion b. - $161 billion c. + $53 billion d. - $47 billion
In general, fiscal policy has a longer ________ lag than monetary policy but shorter ________ lag.
A. response; implementation B. implementation; response C. implementation; recognition D. recognition; response