A lender of last resort is a financial institution that is willing and able to lend to:
a. individuals who have other debts outstanding
b. individuals who do not have a positive net worth.
c. banks that are not members of the Federal Reserve System.
d. fractional reserve system banks experiencing runs on their deposits.
e. Federal Reserve System member banks experiencing runs on their deposits.
d
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The ratio of the total shift in aggregate demand to the initial shift in aggregate demand is known as the multiplier
Indicate whether the statement is true or false
The governance of Texas community colleges is performed mainly by
Which of the following is most likely to be a major source of growth in per capita GDP?
A. a high investment / GDP ratio B. a high rate of inflation C. rapid population growth D. rapid growth in the money supply
A reduction in the central bank's inflation target will result in:
A. the long-run aggregate supply curve having an upward slope. B. a decrease in potential output. C. no change in potential output. D. an increase in potential output.