Economics 十萬火急 (4) MC

16.If the reserve ratio is 20% and bank receives a new deposit of $1200 this bank will have increased:
b.Required reserves by $240(0.2*1200)
Its loans by $960(0.8*1200)

17.If the GDP deflator is 200 and the nominal GDP is $10000 billion, the real GDP is
d.$5000 billion (=10000*100/200)

Inflation is apersistent rise in the general price level.
18.Inflation is a rise in
b.The general level of prices over time

19.What function is money serving when you buy a ticket to a movie?
d.A medium of exchange
Money is changed for a ticket.

20.Which one is true for GDP deflator in measuring price change?
d.Non of the above
All the goods included in the GDP(=C+I+G+X-M) are covered,
excluding imported consumer goods & capital goods