The Economic Recovery Act of 2008 included a temporary increase in the federal deposit insurance ceiling from $100,000 to $250,000. The likely objective was to ________
A) boost bank profitability
B) increase the money supply
C) discourage withdrawals from banks
D) bail out the Federal Deposit Insurance Corporation (FDIC)
C
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GDP is a measure of:
a. domestic production. b. changes in the general level of prices. c. material well-being. d. social welfare.
If, at the current price, there is a shortage of a good, then
a. sellers are producing more than buyers wish to buy. b. the market must be in equilibrium. c. the price is below the equilibrium price. d. quantity demanded equals quantity supplied.
A tax on buyers shifts the demand curve and the supply curve
a. True b. False Indicate whether the statement is true or false
According to the text, which of the following are both imports and exports for the United States?
A. No single product can be both an import and an export for a given country. B. Cars, computers, and auto parts. C. Baseballs, computers, and cars. D. Computers, oil, and auto parts.