question

If Susan Kalanti deposits $35,000 into her saving account at herBank of America branch in Houston, TX, and you know that Bank ofAmerica can only loan 84% of that amount, then, because of thistransaction, the money supply is US economy

Question 7 options:

	increases by $21,8750
	increases by $29,400
	increases by $2,940,000
	decreases by $29,400

Question 8

An economy experiences an economic \"expansion\" as long as

Question 8 options:

	real GDP is continually increasing and there are no outputgaps.
	real GDP is continually increasing, even if there exist arecessionary gap.
	real GDP is continually increasing, but there is no recessionarygap.
	None of the above.

Question 9

Which of the following observations indicates the existence of arecession?

Question 9 options:

	A sharp rise in real GDP.
	Unemployment rate is lower than the natural rate ofunemployment.
	All of the above.
	None of the above.

Question 10

For a given country, the real GDP equals 100 billion dollars inyear 1 and 105 billion dollars in year 2. If you know that thecountry's population declined from 10 million people in year 1 to 9million people in year 2, then

Question 10 options:

	We know that the unemployment rate went down.
	We know that the inflation rate went up.
	We know that the economic growth has a positive value
	There are no enough data to indicate any value or change invalue for any of the above variables.