Total spending by all levels of government in the United States in 2012 amounted to roughly ________ per person
A) $20,000
B) $2,000
C) $200,000
D) $200
A
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Suppose a bank has demand deposits of $2,500, excess reserves of $125, and a reserve requirement of 25 percent. What is the loss in the money expansion process of the whole banking system if the bank decides to lend out only $100?
a. $100 b. $150 c. $200 d. $400 e. $500
The economy is at full employment when the actual rate of unemployment equals the
a. labor force minus the number of discouraged workers b. rate of frictionally unemployed plus the rate of structurally unemployed workers c. rate of cyclically unemployed plus the rate of structurally unemployed workers d. natural rate of unemployment minus the rate of cyclically unemployed workers e. rate of discouraged workers plus the rate of underemployed workers