The figure above shows Sam's budget line. Why will Sam not purchase 36 gallons of gasoline and 4 pounds of coffee?
A) because he does not like this combination
B) because this combination does not contain enough coffee to satisfy him
C) because this combination contains more gasoline than his gasoline tank will hold
D) because he cannot afford this combination
D
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An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease
The largest recipient of remittances in dollars in the year 2008 was:
(a) India. (b) Mexico. (c) Pakistan. (d) Philippines.
Traders in nations abiding by rules of Bretton Woods found ways to avert restrictions on _______ by offshore banking and improper accounting reporting.
A) imports B) capital controls C) gold movements D) interest rate changes
Monetary policy is the system of actions taken by the Fed to influence the money supply.
Answer the following statement true (T) or false (F)