Refer to Scenario 14.1. Marco and Lisette decide to help each other out and agree to split any medical bills from their doctor. With this new arrangement, this scenario resembles a
A) chicken game.
B) assurance game.
C) battle of the sexes game.
D) prisoner's dilemma game.
D
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Assume that the required reserve ratio is 10%. An increase of $1,000 in the banking system's excess reserves may result in a total expansion of new deposits for the banking system as a whole by as much as
A) $1,000. B) $9,000. C) $10,000. D) $100,000.
Which statement accurately compares government purchases and net exports in terms of their impacts on aggregate demand?
a. The impact of government purchases is much larger than the impact of net exports. b. The impact of government purchases is similar to the impact of net exports. c. Neither government purchases nor net exports have an impact. d. The impact of government purchases is much smaller than the impact of net exports.