Scarcity forces people to
A) cheat and steal.
B) consume as much as they can as quickly as they can.
C) choose among available alternatives.
D) live at a low standard of living.
E) be unwilling to help others.
C
Economics
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A bank has $400 in checkable deposits, $800 in savings deposits, $700 in time deposits, $900 in loans to businesses, $300 in outstanding credit card balances,
$500 in government securities, $10 in currency in its vault, and $20 in deposits at the Fed. The bank's deposits that are part of M1 are equal to A) $1,900. B) $400. C) $1,210. D) $530. E) $410.
Economics
Between 1900 and 2007, the ratio of actual to natural real GDP hit its low point in
A) 1933. B) 1904. C) 1944. D) 1982.
Economics