Which would be a liability on a balance sheet of a commercial bank?
a. An outstanding commercial loan
b. A U.S. Treasury bond
c. A certificate of deposit issued by the bank
d. Vault cash
e. None of the above
C
Economics
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Along a short-run Phillips curve, the
A) long-run cost of lower inflation is higher unemployment. B) short-run cost of lower unemployment is higher inflation. C) short-run cost of lower inflation is higher interest rates. D) short-run cost of higher inflation is a higher real interest rate. E) short-run benefit of lower unemployment is lower inflation.
Economics
Higher than expected inflation rate: a. shifts short-run Phillips curve to the right
b. shifts long-run Phillips curve to the right. c. shifts both short-run and long-run Phillips curve to the right. d. shifts short-run Phillips curve to the left.
Economics