If the dollar fell by 35% relative to the other currencies, our current account deficit would
A. rise sharply.
B. rise slightly.
C. not be affected.
D. fall sharply.
D. fall sharply.
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If a $1 million open market purchase by the Fed generates a new deposit at a bank that immediately causes the bank's reserves held at the Fed to increase by $1 million, then the T-account effects are that the bank's assets and liabilities ________ by
$1 million and that the Fed's assets and liabilities ________ by $1 million. A) increase; decline B) decline; decline C) increase; increase D) decline; increase
Which of the following would be considered an implicit cost of operating a business?
A) interest payments on a loan B) Social Security contributions for employees C) the resale value of delivery vans the company owns and uses for its deliveries D) shipping expenses
If women are prohibited or discouraged from attending school but men are allowed to attend, this is an example of
A. A redistribution of capital. B. An inequality trap. C. A gender gap. D. A human capital gap.
Aggregate demand is increased by
A. a stronger currency. B. increased interest rates. C. increased taxes. D. increased consumer confidence.