The goods and services that are used in the production of other goods and services are called:
a. gross domestic goods.
b. intermediate goods
c. final goods.
d. ultimate goods.
b
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Commercial bank reserves are typically less than 1 percent of total assets, however in 2013 bank reserves ________ because of ________
A) rose to around 88 percent; the financial crisis of 2008-2009 B) dropped drastically to near zero; the financial crisis of 2008-2009 C) rose to around 18 percent; the financial crisis of 2008-2009 D) dropped drastically to near zero; the wave of natural disasters experienced in the nation and around the world E) rose drastically to around 18 percent; the wave of natural disasters experienced in the nation and around the world
The economy pictured in the figure below has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; B B. recessionary; C C. recessionary; A D. expansionary; A
The official dating of recessions is done by
A. the Secretary of the Treasury. B. the National Bureau of Economic Research. C. the Government Accounting Office. D. the Council of Economic Advisors.
Refer to the information provided in Figure 7.8 below to answer the question(s) that follow. 
Figure 7.8Refer to Figure 7.8. If the price of capital is $20, then along isocost line AB total cost is
A. $300. B. $1,200. C. $2,400. D. indeterminate from this information, as the price of labor is not given.