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A checkable deposit at a commercial bank is a(n): Liability to the bank9.A decrease in the rate of interest would: Decrease the opportunity cost of holding money10.A headline reads: "Steel industry suffers slump as import competition increases; unemployment rises." This type of unemployment can best be characterized in economic terms as: Structural11.GDP tends to underestimate the productive activity in the economy because it excludes the value of output from: The underground economy12.An increase in taxes on consumers will most likely cause a(n): decrease in aggregate demand.
13.A newspaper headline reads: "Fed Raises Discount Rate for Third Time ThisYear." This headline indicates that the Federal Reserve is most likely trying to: Reduce inflationary pressures in the economy14.The Federal Reserve System consists of which of the following? Board of Governors and the 12 Federal Reserve Banks15.A decrease in government spending will cause a(n):Decrease in aggregate demand16.The amount of real domestic output that will be purchased at each possible price level is best shown by the: Aggregate demand curve