What are depository institutions?
What will be an ideal response?
Depository institutions are financial firms that take deposits from households and firms. They then make loans available to other households and firms.
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The table above gives the labor market for a small foreign economy. A minimum wage law that sets the minimum wage at $8.50 per hour produces
A) a labor surplus of 65 million hours. B) a labor shortage of 25 million hours. C) a labor surplus of $0.50 per hour. D) a labor surplus of 25 million hours. E) equilibrium in the labor market.
The table gives data on the production and prices in a small economy. Use 2012 as the base period. Using the chained-price method, what is the growth rate of real GDP from 2012 to 2013?
What will be an ideal response?
Which of the following describes what the Fed would do to pursue an expansionary monetary policy?
A) use discount policy to raise the discount rate B) use open market operations to sell Treasury bills C) raise the reserve requirement D) use open market operations to buy Treasury bills
A change in the price of hamburgers will change the supply of hot dogs
a. True b. False Indicate whether the statement is true or false