As the unemployment rate rises,
A. real GDP also rises.
B. nominal GDP rises.
C. the employment rate rises.
D. lost national output rises.
Answer: D
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If a bank has $100,000 of checkable deposits, a required reserve ratio of 20 percent, and it holds $40,000 in reserves, then the maximum deposit outflow it can sustain without altering its balance sheet is
A) $30,000. B) $25,000. C) $20,000. D) $10,000.
The equilibrium level of aggregate planned expenditure is found where
A) there is no saving and no dissaving. B) net exports is zero. C) aggregate planned expenditure equals real GDP. D) autonomous expenditure equals equilibrium expenditure. E) the price level is rising at a constant rate.
The elasticity of any demand curve is the same as its slope.
Answer the following statement true (T) or false (F)
The price elasticity of demand for a particular good is influenced by which of the following factors?
a. b and c. b. The income of the buyers. c. The availability of substitutes. d. The level of competition among sellers. e. How many uses the good has.