A checkable deposit at a commercial bank is an

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A checkable deposit at a commercial bank is a(n): Liability to the bank 9. A decrease in the rate of interest would: Decrease the opportunity cost of holding money 10. 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: Structural 11. GDP tends to underestimate the productive activity in the economy because it excludes the value of output from: The underground economy 12. 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 This Year." This headline indicates that the Federal Reserve is most likely trying to: Reduce inflationary pressures in the economy 14. The Federal Reserve System consists of which of the following? Board of Governors and the 12 Federal Reserve Banks 15. A decrease in government spending will cause a(n): Decrease in aggregate demand 16. The amount of real domestic output that will be purchased at each possible price level is best shown by the: Aggregate demand curve

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