Prior to 2008, bank managers looked on reserve requirements
A) as a tax on deposits.
B) as a subsidy on deposits.
C) as a subsidy on loans.
D) as a tax on loans.
A
You might also like to view...
If the government enacts contractionary fiscal policy, it:
A. must want to slow economic activity. B. could increase taxes. C. expects aggregate demand to decrease. D. All of these are true.
How would a $10 increase in an avoidable per-unit fixed cost effect a price-taking firm's supply curve?
A. MC would increase by $10, and AC would not change. B. AC would increase by $10, and MC would not change. C. MC and AC would both decrease by $10. D. MC and AC would both increase by $10.
A vertical long-run aggregate-supply curve represents
a) both the classical dichotomy and monetary neutrality. b) the classical dichotomy but not monetary neutrality. c) neither the classical dichotomy nor monetary neutrality. d) monetary neutrality but not the classical dichotomy.
The phenomenon known as ________ occurs when inflation causes people to pay an increasing percentage of their income in taxes even when their real incomes have not changed.
A. the Fisher effect B. substitution bias C. hyperinflation D. bracket creep