Depositors lack of information about the quality of bank assets can lead to
A) bank panics.
B) bank booms.
C) sequencing.
D) asset transformation.
A
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Refer to Budget Lines. If the consumer purchased basket D last year and basket A this year,
a. They are definitely better off this year than last year.
b. They were definitely better off last year than this year.
c. They could be equally well off in the two years.
d. It is impossible to tell wether they are better or worse off, even if we knew the person's preferences.
If both demand and supply increase, but demand increases more than supply,
a. equilibrium price will fall. b. equilibrium price will rise. c. quantity sold will decrease. d. both the equilibrium price will fall and the quantity sold will decrease.
The following economy produces two products.ProductsProduction Possibilities?ABCDEFTanks012345Autos10009508506503500Refer to the above table. According to the production possibilities schedule, a combination of four tanks and 650 autos is:
A. not attainable because society does not have sufficient resources to produce this combination. B. not attainable because it is not listed in the schedule. C. attainable and involves an efficient use of society's resources. D. attainable, but would not be in the best interests of a strong national defense.
Suppose velocity = 5, money supply = $200, and price = 2. What is the value of real GDP?
A) $10 B) $40 C) $400 D) $500