Presently, GDP is ________ to compensate for the costs of environmental damage
A) adjusted on a chain-weight basis B) partially adjusted
C) not adjusted D) fully adjusted
C
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Increased government borrowing to cover a budget deficit results in:
a. a higher interest rate and the depreciation of the U.S. dollar. b. a higher interest rate and the appreciation of the U.S. dollar. c. a lower interest rate and the depreciation of the U.S. dollar. d. a lower interest rate and the appreciation of the U.S. dollar. e. increased purchases of foreign assets by U.S. residents.
Which of the following events did not contribute to the high rate of savings and loan failures in the 1980s and 1990s?
a. The bankruptcy of the FDIC b. Deregulation of the banking industry that allowed investment houses to compete with banks and S&Ls for depositors c. The elimination of Regulation Q d. The entry of S&Ls into riskier loan markets e. Substantial fraud in lending activities
As a person's income rises, eventually the ________ effect outweighs the ______ effect.
Fill in the blank(s) with the appropriate word(s).
Commercial banks are required by law to hold reserves. These reserves are specified as percentages of a bank's
A. total assets. B. total liabilities. C. checkable deposit liabilities. D. holdings of government securities.