Which of the following functions is NOT performed by any of the twelve regional Federal Reserve Banks?
A) check clearing
B) conducting economic research
C) setting interest rates payable on time deposits
D) issuing new currency
C
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The current account balance is equal to
A) exports - imports - net interest + net transfers. B) exports - imports + net interest + net transfers. C) imports - exports + net interest - net transfers. D) exports - imports - net interest - net transfers. E) imports - exports + net interest + net transfers.
The largest category of the unemployed are
A) job losers. B) reentrants. C) job leavers. D) new entrants.
The part of aggregate planned expenditure that does not vary with real GDP
a) equals equilibrium expenditure b) is autonomous expenditure c) is induced expenditure d) equals zero
If the income elasticity of demand for a good is negative, then the good must be an inferior good
a. True b. False Indicate whether the statement is true or false