Category: Uncategorized

True or False.  Banks make transactions safer & easier

Mark all that apply.  Who is considered in the labor force?

Place the phases of the business cycle in order.  Peak, _________________, ___________________, ___________________

True or False.  The standard of living focuses on production that is bought and sold in markets.

True or false.  The rise in the standard of living in the US exceeded the rise in GDP.

True or False.  State and local taxes have been rising as a share of income over the last few decades. 

True or False.  The financial mortgage default crisis of 2007 and 2008 occurred because banks were willing to give out more sub prime loans knowing the risk was less due to the securitization of loans occurring at this time.

Mark all that apply.  When comparing GDP among countries

Suppose Bank of America has checkable deposits of $5,000,000 and a reserve requirement of 10%.  How much do they have in excess reserves?

Match the 4 resources to the corresponding example