The proportion of deposits that banks are legally required to deposit with the central bank are called:

Which of the following does NOT contain an externality?

A) I sell you an ice cream and you drip it all over the person sitting next to you. B) I sell you an ice cream and it gives you a headache. C) I sell you an ice cream and you share it with your friend. D) I give you an ice cream and you share it with a friend.

Working as an elevator operator used to be a common job in the workforce four decades ago, but today few jobs remain. The unemployment created by the introduction of automatic elevators would be considered:

a. Structural b. Frictional c. Cyclical d. Wait