Which prices are used to measure goods and services in calculating GDP?
A. past year prices
B. projected prices
C. current prices
D. average prices
Answer: C
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To reach the maximum money multiplier, it is assumed that
A) there is insufficient loan demand. B) all loans get redeposited in a checkable account. C) loans are diverted into circulating currency. D) commercial banks keep the amount of reserves. equal to total bank deposits.
When fiscal policy is used, time lags are variable and last anywhere from
A) one to three weeks. B) one to three months. C) one to three years. D) one to three decades.
A shock that could trigger a recession is a
a. large military buildup b. large increase in the price of oil c. sudden unexplained increase in consumption d. new technological breakthrough e. large decrease in the price of oil
Countries that use the Anglo Saxon model tend to use civil law
a. True b. False