(05.03 MC) If the money supply in an economy is $240 billion and the nominal GDP is $960 billion, then how many times is the average dollar in the economy spent?

(04.04 MC) Assume that there is $20,000 circulating in an economy and a bank only has a deposit of $1,000. The bank then loans out the entire excess reserve on the basis of the reserve requirement rate set at 20%. What is the amount of M1 in the economy?

(02.03 MC) Jane was fired from her job as a waitress at a restaurant due to a recession. How will Jane be categorized when computing the unemployment rate?

(02.03 LC)Which of the following events was a catalyst for Spanish conquistadors to start to tolerate American Indian cultural practices?

(02.03 LC)The Yamasee and Creek peoples

(04.04 MC) Use the data table to answer the following question. Assets (billion $) Liabilities (billion $) Total reserves 3,000 Deposits 18,000 Loan 15,000   Total 18,000 Total 18,000 Assume the required reserve ratio to be 10%. Is the bank holding any excess reserve? If so, then what is the magnitude of the excess reserve?

(02.02 MC) Assume that a country has a high GDP and also one of the worst life expectancy rates in the world. Which limitation of the GDP is highlighted in this scenario?

(04.07 MC) Use the following table to answer the question that follows: National income $1,800 billion Consumption expenditure $500 billion Tax revenues $200 billion Government expenditure $150 billion Based on the data table, what would be the level of investment in this economy?

(01.03 MC)Question refers to the excerpt below.”Almost every year, from 1581 onward, the mariners of the Netherlands strove, by east and by west, to pass the barrier that America interposed between them and the Eastern trade they coveted…They would not be hurried; they took their time to think it over, as Dutchmen will; but at length they conceived an immense project for acquiring all the trade, or the best part of it, of both the West and the East…In 1609, quite inadvertently, Henry Hudson discovered it…received a visit from some Indians with native commodities to exchange for knives and beads…They were affable, but untrustworthy, stealing what they could lay their hands on, and a few days later shooting arrows at a boatload of seamen from the ship, and killing one John Colman. Hudson went ashore, and was honored with dances and chants; upon the whole, the impression mutually created seems to have been favorable.”Source: Julian Hawthorne, from The History of the United States from 1492 to 1910, V1Hudson’s experience is typical of Dutch interaction with Native Americans in that it was

(03.06 MC)Question refers to the excerpt below.”Art. 3. Religion, morality, and knowledge, being necessary to good government and the happiness of mankind, schools and the means of education shall forever be encouraged. The utmost good faith shall always be observed towards the Indians; their lands and property shall never be taken from them without their consent; and, in their property, rights, and liberty, they shall never be invaded or disturbed, unless in just and lawful wars authorized by Congress; but laws founded in justice and humanity, shall from time to time be made for preventing wrongs being done to them, and for preserving peace and friendship with them.”Source: The Northwest Ordinance, 1787Why did the United States enact the Northwest Ordinance, with regard specifically to admitting new states in the 1780s?