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Author Archives: Anonymous

Place the phases of the business cycle in order.  Peak, ____…

Place the phases of the business cycle in order.  Peak, _________________, ___________________, ___________________

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True or False.  The standard of living focuses on production…

True or False.  The standard of living focuses on production that is bought and sold in markets.

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True or False.  Dollars bills used before 1958 were commodit…

True or False.  Dollars bills used before 1958 were commodity money.

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Mark all that apply.  When comparing GDP among countries

Mark all that apply.  When comparing GDP among countries

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Match the 4 resources to the corresponding example

Match the 4 resources to the corresponding example

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Mark all that apply.  If the fed lowers the discount rate

Mark all that apply.  If the fed lowers the discount rate

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Suppose Bank of America has checkable deposits of $5,000,000…

Suppose Bank of America has checkable deposits of $5,000,000 and a reserve requirement of 10%.  How much do they have in excess reserves?

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True or False.  Dollars bills used before 1958 were commodit…

True or False.  Dollars bills used before 1958 were commodity money.

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Mark all that apply.  If the fed lowers the discount rate

Mark all that apply.  If the fed lowers the discount rate

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True or False.  With productivity low, average levels of une…

True or False.  With productivity low, average levels of unemployment will tend to be somewhat higher on average.

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