If each bank in the United States had to keep 100 percent of checkable deposits as reserves, each $1 the Fed injected into new reserves could increase the money supply by:
a. $1
b. $2.
c. $100.
d. $5.
e. a penny.
a
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Over the past century, the growth of labor productivity in the United States was highest in the _____
a. 1940s b. 1950s c. 1960s d. 1970s e. 1980s
Suppose domestic automobiles were allocated in the United States the way public education is allocated. Describe how this system might work
All of the following affect the demand for labor by a firm except
A. the amount of labor that will be supplied at different wages. B. the level of demand for the firm's products. C. the marginal physical product of the labor. D. the marginal revenue the firm receives for its products.
An inflationary gap exists when:
A. output exceeds aggregate demand. B. aggregate demand exceeds output. C. potential output exceeds actual output. D. actual output exceeds potential output.