Which one of the following pollutant types is most difficult to regulate?
a. A local flow pollutant
b. A regional flow pollutant
c. A local stock pollutant
d. A regional stock pollutant
e. A global stock pollutant
Answer: e. A global stock pollutant
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If a bank gets a $100,000 new deposit, chooses to lend out $75,000, and increases its excess reserves by $5,000 at the same time, then the reserve requirement is: a. 30%
b. 25%. c. 20%. d. unable to be determined from the information given.
According to the new classical view, budget deficits will
a. cause real interest rates to rise, which will decrease aggregate demand, output, and employment. b. lead to an expansion in spending, which will stimulate both real output and employment. c. fail to stimulate aggregate demand because people will save more in order to pay the higher future taxes implied by the expansion in government debt. d. lead to inflation because the deficits expand the money supply.