The amount of required reserves a bank holds depends on the
A) required reserve ratio.
B) demand-deposit ratio.
C) excess-reserve ratio.
D) currency ratio.
A
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If the income elasticity of food is 0.72, then food is
A) a necessity and a normal good. B) a normal good. C) a necessity. D) an inferior good.
Which of the following is not correct?
a. The slope of a line will be a small positive number for a fairly flat upward-sloping line. b. The slope of a line will be a large positive number for a steep upward-sloping line. c. The slope of a line will be a negative number for a downward-sloping line. d. The slope of a line will be infinite for a horizontal line.
Suppose the natural rate of unemployment is 4 percent. What is the actual rate of unemployment if actual output is 2 percent above potential output?
A. 3 percent B. 6 percent C. 2 percent D. 0 percent
Total purchases of new final goods equals total output of new final goods in the income and product accounts
What will be an ideal response?