The study of aggregate economic behavior is referred to as:
A. Microeconomics.
B. Macroeconomics.
C. Government policy.
D. The business cycle.
B. Macroeconomics.
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If the velocity of money is about 1.8 and nominal GDP is $14.4 trillion, what is the money supply?
A. $14.4 trillion B. $8.0 trillion C. $1.8 trillion D. We cannot compute the money supply from the data given.
When the production of a good results in a positive externality(such as education) the social value demand curve is
A. To the left of the demand curve, indicating that the total value to society is less than the private benefit. B. To the right of the market demand curve, indicating that the total value to society is greater than the private benefit C. Identical to the market demand curve, indicating that the total cost to society is the equal to the private benefit D. To the left of the market supply curve, indicating that the total cost to society exceeds the private cost
Answer the following statements true (T) or false (F)
1. When you deposit money at a bank, the bank will normally turn around and lend most of it to a borrower. 2. If all depositors of a bank were to try withdrawing all their deposits at the same time, a good solid bank should be able to meet all the withdrawals. 3. When cash is deposited at a bank, the composition of the money supply is changed but the total supply of money is not. 4. When a bank's loan defaults, then the bank's reserves will decrease. 5. The amount of required reserves that a bank must hold is computed as a certain fraction of the bank's assets.
In 2018, the poverty threshold for a family of four in the United States was $24,755.
Answer the following statement true (T) or false (F)