The factor accounting for the steepest rise in the currency ratio since 1892 is
A) taxes.
B) bank panics.
C) illegal activity.
D) an increase in wealth.
B
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The government might engage in expansionary fiscal policy if it wanted to
A) shift the aggregate demand curve to the left. B) reduce the level of unemployment. C) reduce real GDP. D) reduce the price level.
Financial institutions that cut back on their lending are engaged in ________
A) liability management B) deleveraging C) financial innovation D) torsion control
Around the world, once-socialist countries have replaced central plans with
a. foreign aid b. budgets c. special interests d. markets e. capital equipment
The primary benefits derived from tariffs usually accrue to the:
A. domestic consumers of goods protected by the tariffs. B. foreign producers of goods protected by the tariffs. C. domestic producers of export goods. D. domestic suppliers of goods protected by the tariffs.