Sweden is:
A. not a member of the Euro system or the European Union.
B. a member of the Euro system but not a member of the European Union.
C. a member of the European Union but not a member of the Euro system.
D. a member of both the European Union and the Euro system.
Answer: C
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If the Fed raises the discount rate, what will be the effect on the money supply?
a. It will decrease the money supply. b. It will increase the money supply. c. No change in the money supply. d. Not enough data to give an answer.
Which of the following statements characterizes government transfer payment spending in the United States between 1960 and 2015?
A) Transfer payment spending by the federal government and by state and local governments has decreased as a percentage of GDP. B) Transfer payment spending by the federal government and by state and local governments has more than tripled as a percentage of GDP. C) Transfer payment spending by the federal government and by state and local governments has remained constant as a percentage of GDP. D) Transfer payment spending by the federal government and by state and local governments has fluctuated widely over this period.
The exchange rate is 1.5 Bosnian markas per U.S. dollar. The price of a refrigerator in Bosnia is 1,200 markas while in the U.S. it is $1,000. The real exchange rate is
a. 9/5
b. 5/4
c. 4/5
d. None of the above are correct.
China is a clear example of a country that has:
A. achieved economic growth only after a democratic regime was in place. B. achieved economic growth without a democratic regime. C. failed to achieve economic growth without a democratic regime. D. failed to achieve economic growth, despite having a democratic regime.