Educational services provided by public schools are:
A. excluded from GDP because they are intermediate goods.
B. included in GDP at market prices.
C. excluded from GDP because they are not sold in markets.
D. included in GDP at cost.
Answer: D
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If there is an autonomous increase in spending (a rightward shift in the aggregate demand curve) and the Fed wishes to hold real income constant, then the Fed would:
A) decrease the money supply yielding a leftward shift in the aggregate demand curve. B) increase the money supply yielding a rightward shift in the aggregate demand curve. C) hold the money supply constant. D) none of the above.
When a banker accepts a deposit of $1,000 in cash and puts $200 aside as required reserves and then makes a loan of $800 to a new borrower, this set of transactions
A. decreases the money supply by $1,000. B. decreases the money supply by $200. C. does not change the money supply. D. increases the money supply by $200. E. increases the money supply by $800.
Great Bear Bank receives two new deposits of $100,000 and $140,000. If it has a required reserve ratio of 8 percent, how much of these deposits must Gold Bear keep in reserves?
a. $30,000 b. $120,200 c. $19,200 d. $220,800
(1)(2)(3)(4)(5)QdQdPriceQsQs5040$1070806050960708060850609070740501008063040Refer to the above table. In relation to column (3), a change from column (4) to column (5) would most likely be caused by:
A. government placing an excise tax on the good. B. an increase in consumer income. C. an improvement in production technology. D. an increase in input prices.