Factor(s) explaining China's rapid growth
a. foreign trade zones
b. high domestic savings
c. Greater China
d. China's export orientation
e. All of the above
E
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When the Federal Reserve sells a government bond to a primary dealer, reserves in the banking system ________ and the monetary base ________, everything else held constant
A) increase; increases B) increase; decreases C) decrease; increases D) decrease; decreases
Refer to the above graph with three demand curves. An "increase in quantity demanded" would be illustrated by a change from:
a. Point 5 to point 1 b. Point 2 to point 5 c. Point 4 to point 6 d. Point 4 to point 1
For a previously-illegal good, decriminalization will cause
A. supply to become less elastic. B. demand to increase. C. demand to become less elastic. D. price to rise, unambiguously.
In the early 1990s, Serbia, a developing country, experienced hyperinflation because its central bank increased the money supply too rapidly. Serbia's central bank most likely adopted this monetary policy because:
A. it didn't care about inflation. B. the Serbian government granted independence to the central bank. C. the Serbian government had no other way to finance its expenditures. D. it believed that its actions would not trigger inflation.