Typically, a bank's largest asset is its
A) holdings of securities. B) loans.
C) reserves. D) deposits of its customers.
B
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The biases in the CPI include the
A) old goods, unemployment, and inflation biases. B) new goods, quality change, and substitution biases. C) old goods, new goods, and quality change biases. D) substitution, new goods, and old goods biases.
Immediately after being collected, taxes are deposited in
A) tax and loan accounts. B) the Federal Reserve Bank of New York. C) Federal Reserve district banks around the country. D) the Congressional Vault.
Suppose the annual growth rate of real GDP for the nation of Svengali is 5% and the growth rate of velocity is 0%. If the money supply growth rate decreases from 6% to 2%, what was the initial rate of inflation in Svengali?
A) -1%. B) 1%. C) 1.25%. D) 9%.
What are the three important macroeconomic goals about which most economists, and society at large, agree?
a. economic growth, full employment, and low interest rates b. economic growth, full employment, and stable prices c. economic growth, zero unemployment, and falling prices d. economic growth, low unemployment, and a balanced budget e. economic growth, a balanced budget, and balanced international trade