Which of the following groups has the lowest poverty rate?
A. People with bachelor's degrees
B. Children
C. The elderly
D. Whites
Answer: A
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The fraction of deposits that banks are required by law to hold and not lend out are called its
A) required reserves. B) net worth. C) excess reserves. D) reserves.
Refer to Table 9.2. (Data are expressed in billions of dollars.)Table 9.2Full Employment Income (Output)Consumers Desire to SpendInvestors Desire to SpendTotal Private SpendingTotal Saving$500$300$250$________$________600375250$________$________700450250$________$________800525250$________$________If the full-employment level of income (YF) in Table 9.2 is $700 billion,
A. There is an inflationary gap of $450 billion. B. There is an inflationary gap of $700 billion. C. The economy is in equilibrium. D. There is a recessionary gap of $250 billion.
The Board of Governors of the Federal Reserve has ____ members
A. 5 B. 7 C. 9 D. 14
Saving is a(n) ________ and wealth is a(n) ________.
A. asset; liability B. stock; flow C. flow; stock D. liability; asset