If official U.S. poverty statistics included in-kind transfer payments the:
a. poverty rate would be close to zero.
b. poverty rate would be lower.
c. government deficit would be lower.
d. top 10 percent of those in the income distribution would be wealthier.
b
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If M = 2,000, P = 5, and Q = 1,000, the GDP
A. Is 1,000. B. 2,000. C. 5,000. D. 10,000.
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
Open market sale of government securities results in:
A) an increase in bank reserves. B) a decrease in bank reserves. C) a decrease in interest rates. D) none of the above.
If a bank holds $2000 in demand deposits and the required reserve ratio is 0.15, how much can the bank lend out?
a. $2,000 b. $1,700 c. $300 d. $150 e. $2,300