An individual bank may legally loan out an amount equal to its __________.
Fill in the blank(s) with the appropriate word(s).
excess reserves
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Which of the following is not correct?
a. The consumer price index gives economists a way of turning dollar figures into meaningful measures of purchasing power. b. The consumer price index is used to monitor changes in the cost of living over time. c. The consumer price index is used by economists to measure the inflation rate. d. The consumer price index is used to measure the quantity of goods and services that the economy is producing.
YearSalaryCPI1969$20,52036.71979$43,26572.61989$85,529124.01999$135,250166.62009$170,844214.5Your father tells you he earned a salary of $45,000 a year in 1980. This salary figure is the:
A. value of his salary adjusted to 2009 dollars. B. nominal value of his salary in 1980. C. value of his salary adjusted for inflation. D. real value of his salary in 1980.