Which of the following would be considered a "leisure" activity by economists?
A. Driving an on-duty taxi.
B. Driving a bus for a city.
C. Driving to the movies.
D. Driving a forklift for work.
Answer: C
Economics
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Suppose a bank has $850 million in vault cash and a deposit in the Fed of $100 million. If the bank's required reserves equal $500 million, then the bank has excess reserves of:
a. $100 million. b. $350 million. c. $400 million. d. $450 million. e. $500 million.
Economics
In which of the following decades was there both high inflation and rapid money supply growth in the US?
a. the 1970's and the 1990's b. the 1970's but not the 1990's c. the 1990's but not the 1970's d. neither the 1970's nor the 1990's
Economics