A lagging variable can be recognized by the fact that
A) its persistence is smaller than that of GDP.
B) its turning points happen before the turning points of GDP.
C) the turning points of GDP happen before its turning points.
D) its persistence is larger than that of GDP.
C
Economics
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If loans are $69,000 . excess reserves are $1,400, and checkable deposits are $80,000 . then the required reserve ratio must be:
a. 1.75 percent. b. 12 percent. c. 13.75 percent. d. 17.5 percent. e. 0.12 percent.
Economics
In the long run, an increase in aggregate demand causes the price level to _______ and the long-run aggregate supply curve to _____________
a. decrease; decrease b. increase; increase c. decrease; remain unchanged d. increase; remain unchanged
Economics