Which of the following statements is/are correct?I.Depository institution managers undertake riskier actions than they otherwise would because of the existence of deposit insurance.II.Because of the existence of deposit insurance, depositors in savings and loans and other banks have little incentive to investigate the financial stability of these institutions.
A. I only
B. II only
C. both I and II
D. neither I nor II
Answer: C
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Define X = exports, M = imports, S = saving, I = investment, T = net taxes, G = government expenditure. Which of the following formulas is correct?
A) X - M = S - I - T - G B) X - M = S - I + T - G C) X - M = S + I + T - G D) X - M = S + I -T + G E) X - M = S + I +T + G
The money supply consists of
A) currency alone. B) currency and checking accounts. C) checking and savings accounts. D) currency and checking and savings accounts. E) checking accounts alone.
Productivity relates to
A) working harder over time. B) working longer over time. C) producing the same output with fewer labor hours. D) producing the same output with more labor hours.
Gross domestic product is the
a. amount of final goods and services produced in an economy in a given year b. value of all goods and services, measured in current market prices, produced in the economy in a year c. value of final goods and services, measured in current market prices, produced in the economy in a year d. amount of all goods and services produced in an economy in a given year e. value of final goods and services produced in current market prices produced in an economy