If potential GDP for the fourth quarter of 2012 = $58.5 billion, and real GDP for the fourth quarter of 2012 = $53.7 billion, then the output gap was

Honda will sell its vehicles to anyone who wants to and can buy one. Honda is using a ________ allocation method

A) first-come, first-served B) market price C) contest D) majority rule E) command

The percentage of a bank's total deposits held in reserves, either as cash in the vault or as deposits at the local Federal Reserve bank, is:

a) the reserve ratio. b) the reserve requirement. c) excess reserves. d) the money ratio.