What is the difference between a recession and a depression?
(A) Unlike a recession, a depression includes high levels of inflation.
(B) A recession is more severe than a depression and lasts longer.
(C) A depression is a particularly deep recession with high levels of unemployment.
(D) A recession is a period of economic growth while a depression is a period of economic contraction.
Ans: (C) A depression is a particularly deep recession with high levels of unemployment.
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In the above, in which figure(s) is (are) the slope the same at every point?
A) Figure A only B) Figures A and C C) Figure B only D) Figures A, C, and D E) Figures C and D
A bank has $400 in checkable deposits, $800 in savings deposits, $700 in time deposits, $900 in loans to businesses, $300 in outstanding credit card balances,
$500 in government securities, $10 in currency in its vault, and $20 in deposits at the Fed. The bank's deposits that are part of M1 are equal to A) $1,900. B) $400. C) $1,210. D) $530. E) $410.
According to the graph shown, producing 14 units:
A. is not as profitable as producing 11 units.
B. will earn negative profits.
C. will earn more profits than producing 9 or 11 units.
D. will earn zero profit.
Which list ranks assets from most to least liquid?
a. currency, demand deposits, money market mutual funds b. currency, money market mutual funds, demand deposits c. money market mutual funds, demand deposits, currency d. demand deposits, money market mutual funds, currency