Which of the following insures deposits at banks?
A. The RTC.
B. The FDIC.
C. The FSLIC.
D. The Federal Reserve.
Answer: B
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Higher nominal interest rates ________ the amount of money demanded and a higher price level ________ the amount of money demanded.
A. increase; decreases B. increase; increases C. decrease; decreases D. decrease; increases
The utilitarian view of equity would lead to:
A) equal allocations of goods across all persons. B) maximizing the utility of the least-well-off person. C) maximizing the total utility of all society members. D) none of the above
Oral contraception allows women of childbearing age to do all of the following EXCEPT:
A. remain in school. B. work more in the paid labor force. C. earn as much as men of the same age. D. pursue longer-term careers.
An increase in government spending by $100 would, if the MPC = 0.90, result in an increase in real GDP by:
A. $1,000. B. $9,000. C. $900. D. $190.