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Match the discretionary fiscal problem with the description.

Match the discretionary fiscal problem with the description.

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True or false.  The rise in the standard of living in the US…

True or false.  The rise in the standard of living in the US exceeded the rise in GDP.

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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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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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