The kind of assets banks can hold as reserves are also called the economy's
A) checkable deposits.
B) money market funds.
C) high-powered money.
D) bankers' acceptances.
C
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Which of the following would you expect to decrease both interest rates and exchange rates? (Assume exchange rates are stated in terms of foreign currency per domestic currency.)
A) contractionary monetary policy B) contractionary fiscal policy C) expansionary monetary policy D) Both B and C will decrease both interest rates and exchange rates.
The derived demand curve for a good component will be more inelastic
A) the larger is the fraction of total cost going to this component. B) the more inelastic is the demand curve for the final good. C) the more elastic are the supply curves of cooperating factors. D) the less essential is the component in question.
If you will receive $5,000 two years from today, what is its present value if the discount rate is 5 percent?
a. $5,025 b. $4,500 c. $3,429 d. $4,535 e. $4,762
Which of the following is a critique of GDP discussed in the text?
Select one: a. GDP does not account for resource depletion. b. GDP does not account for well-being. c. GDP does not include household production. d. All of the answers listed.