If many banks fail, this is likely to cause a/an
a. increase in the currency-to-deposit ratio.
b. increase in the reserves-to-deposit ratio.
c. a fall in the currency-to-deposit and reserves-to-deposit ratios.
d. both a and b.
e. none of the above.
D
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If AVC=$15 and AFC=$10, then ATC=
a. $25 b. $5 c. $15 d. $10
As a share of GDP, U.S. spending on education is:
a. comparable to that of other wealthy nations in the OECD b. about 26% higher than the average of wealthy nations in the OECD c. about 26% lower than the average of wealthy nations in the OECD d. rising slowly, but steadily
List two of the three types of fiscal programs that the President and Congress emphasized in response to the 2008-2009 recession
Figure 10-11
In , which of the following would most likely cause the movement from point E1 to point E2?
a.
an increase in the expected inflation rate
b.
a decrease in the expected inflation rate
c.
a major technological advance
d.
a temporary reduction in oil prices