All these factors will shift good X's supply curve, except
a. Bad weather
b. Change in the price of X
c. Changes in the price of raw materials to produce X
d. A tax charged to good X
b
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A bank is in the position to make loans when required reserves
A. are less than actual reserves. B. are greater than actual reserves. C. equal actual reserves. D. equal excess reserves.
The nominal interest rate approximately equals which of the following?
A) the real interest rate minus the inflation rate B) the real interest rate plus the inflation rate C) the real interest rate minus the growth rate of real GDP D) the real interest rate plus the growth rate of real GDP
Game theory is based on the idea that each participant makes decisions based on how she believes the competition will react
a. True b. False Indicate whether the statement is true or false
On December 16, 2008, the FOMC announced it would lower its target for the federal funds rate to between ________ and ________?
a. 0 ; .50 b. 1; 1.85 c. 0; .25 d. 1; 2