Study guides, Class notes & Summaries

What is an example of creative destruction? iPhone replacing old flip phones Changes in federal funds rate influences interest rates on car loans, mortgages and student loans (T or F) True In order to grow quickly, China concentrated spending in which piece of GDP? Investment What would be the best explanation for an economy with inflation and falling spending? Rising oil prices (SRAS shifts left) What will happen to the natural rate of unemployment if a new phone app were to speed up th...

QUESTIONS AND ANSWERS

QUESTIONS AND ANSWERS

QUESTIONS AND ANSWERS

QUESTIONS AND ANSWER

Say a bank has $200M in loans, $10M in reserves, and $200M in c. deposits. Also, the required reserve ratio is 5%. This back ____ bankrupt and it _____ have sufficient reserves to meet its reserve requirement a. is, does b. is , does not c. is not, does d. is not, does not correct answers is not, does If a bank makes a loan to a customer, that bank's net worth will not change when the loan is made. true or false correct answers true; when a bank makes a loan, it creates a deposit f...

federal expenditures correct answers $4008 billion (21%) GDP federal taxes correct answers $3315 billion (17.3% GDP) deficit correct answers $693 billion (3.7% GDP) federal debt correct answers 14.6 trillion (77% GDP) interest payments on the federal debt correct answers $269 billion (1.4% of GDP) federal funds rate correct answers 1.25% nominal GDP correct answers $19.2 tillion real GDP correct answers 17 tillion economic growth over the last 12 months correct answers 2....

What is GDP? correct answers Measures all production or all expenditures or all income in an economy Capital (K) correct answers manufactured goods owned by firms to produce other goods and services (Capital goods generally last for years and can be used many times) Investment (I) correct answers - the purchase of capital goods, or addition of inventories (goods to be used or sold later) by a business or the purchase of a new house or apartment Intermediate good correct answers is u...

A industry is best defined as a group of firms that ... correct answers Produce identical or similar products A group of plants that is owned and operated by a single firm and that consists of oil fields, refineries, and gasoline stations best illustrates a _________ ___________ _____. correct answers Vertically integrated firm The corporate form of interprise has promoted the development of large scale buisness operations because... correct answers corporations have been able to marshall ...

ECON 104 FIRST TERM SEMESTER NOTES FOR YOUR FINAL EXAMS GUARANTEED A+ FINAL EXAM ECON 104 FIRST TERM SEMESTER NOTES FOR YOUR FINAL EXAMS GUARANTEED A+ECON 104 FIRST TERM SEMESTER NOTES FOR YOUR FINAL EXAMS GUARANTEED AECON 104 FIRST TERM SEMESTER NOTES FOR YOUR FINAL EXAMS GUARANTEED A+