In 2012, U.S. banks held ________. A) $19.4 million in assets B) $19.4 million in liabilities C) $19.4 billion in assets D) $19.4 trillion in assets ANSWER D
Date: September 10th, 2020
Consider the two graphs above. Suppose that technological progress is expected to reduce the future cost of capital goods. This would ________ the desired level of the capital stock, as depicted in graph ________. A) increase; B B) increase; A C) decrease; B D) decrease; A ANSWER C
Date: September 10th, 2020
Discouraged workers are A) those who have given up looking for work, even though they would like to be employed. B) those who quit working because they are dissatisfied with their jobs. C) those unmotivated workers who bring down a country’s productivity. D) those who would like to find a second job to supplement their […]
Date: September 10th, 2020
Banks are most dominant in the financial markets of ________. A) Canada and Germany B) Germany and Japan C) Japan and the United States D) the United States and Canada ANSWER B
Date: September 10th, 2020
Which of the goals pursued by policymakers in an open economy is desirable because it reduces the uncertainty of conducting economic activity across borders? A) exchange-rate stability B) monetary policy independence C) free capital flows D) appreciation of the domestic currency ANSWER A
Date: September 10th, 2020
In the new Keynesian model, an increase in productivity will cause ________. A) a leftward shift in short-run and long-run aggregate supply B) a rightward shift in short-run and long-run aggregate supply C) a leftward shift in short-run aggregate supply and rightward shift in long-run aggregate supply D) a rightward shift in short-run aggregate supply […]
Date: September 10th, 2020
What characteristic do both human and physical capital share? A) Both are controlled by the government. B) Current costs are incurred for future benefits. C) The use of both exhibits rivalry. D) They can easily be transferred to new ownership. ANSWER B
Date: September 10th, 2020
Use the neoclassical theory of investment to explain why technological progress that reduces the price of computers (and related information technology) impacts investment differently than technological progress that makes computers more productive. What will be an ideal response? ANSWER Expected improvements in productivity cause the marginal product of capital curve to shift up. Reductions […]
Date: September 10th, 2020
Who among the following is considered to be in the labor force? A) retirees B) full-time students C) discouraged workers D) unemployed workers ANSWER D
Date: September 10th, 2020
In the United States, commercial banks supply about ________% of total credit to nonfinancial businesses. A) 20 B) 75 C) 50 D) 90 ANSWER A
Date: September 10th, 2020
