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Suppose the following data describe output in two different years: Item Year 1 Quantity Year 1 Price Year 2 Quantity Year 2 Price Oranges 15,000  $     0.25 20,000  $       0.30 Computers 600  $775.00 700  $  825.00 Video Games 8,000  $     0.80 10,000  $       1.10 Compute nominal GDP in year 2 (Enter as a numeric value e.g. 100000)

Coins held in commercial bank vaults are

True or False. Banks act as financial intermediaries because savers are able to place deposits with banks and then receive interest payments & withdraw money and borrowers receive loans from banks & repay the loans with interest.

An expectation of a substantial rise in future log prices increases or decreases the supply of logs today?

Coins held in commercial bank vaults are

If an economy is experiencing inflation,

_______________ include both the private costs incurred by firms and also costs incurred by third parties outside the production process.

Mark all that apply.  Which are the 4 major areas of federal spending as a percentage of GDP?

Severe unemployment is socially catastrophic.  Mark all items below that can occur due to unemployment.

Mark all that apply.  In terms of bank regulation the Feds concern includes: