Deregulation of banks and other depository institutions allowed the FDIC to open bank branches of its own
a. True
b. False
Indicate whether the statement is true or false
False
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The CPI equals 1.00 in year one and 1.15 in year two. If the nominal wage is $15 in year one and a contract calls for the wage to be indexed to the CPI, what will be the nominal wage in year two?
A. $16.15 B. $17.25 C. $22.50 D. $15.00
If households decrease the amount of bank account withdrawals, the consumption function may shift upward.
Answer the following statement true (T) or false (F)
Use the following graph, where Sd and Dd are the domestic supply and demand for a product and Pc is the world price of that product, to answer the next question.
With a Pt?Pc per-unit tariff, per-unit revenue received by domestic and foreign producers respectively will be
A. Pa and Pt. B. Pa and Pc. C. Pc and Pa. D. Pt and Pc.
A factor that might have contributed to the weakening of the U.S. economy in 2007-2009 was
A. rapid growth of the money stock. B. rising levels of federal government spending. C. uncertainty concerning the outcome of the 2008 presidential election. D. historically-low interest rates.