If the economy was closed to international trade, the equilibrium GDP and the multiplier would be:
Complete the following table and answer the question on the basis of the resulting data. All figures are in billions of dollars.
A. $300 and 5.
B. $350 and 4.
C. $400 and 4.
D. $350 and 5.
D. $350 and 5.
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The international debt crisis of early 1982 was precipitated when ________ could not pay its international debts
A) Russia B) Mexico C) Brazil D) Malaysia E) China
Which of the following exemplifies an opportunistic behavior by a franchisor arising out of incompleteness or ambiguity in a contract?
a. Providing inferior service in an attempt to cut operating costs. b. Terminating a well-operated franchisee and converting the establishment into a profitable company-owned outlet. c. Fixing exorbitant prices for products having relatively elastic demand. d. Terminating a franchisee who had been using the company brand name to endorse products that the agreement says it cannot.
If excess reserves are $10 million, (total) reserves are $14 million, and the required reserve ratio is 10%, then required reserves equal ________________ and checkable deposits equal ____________________
A) $4 million; $40 million B) $40 million; $4 million C) $24 million; $240 million D) $7 million; $70 million
Figure 33-8
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In Figure 33-8, which of the following points cannot be observed in the long run?
A. A B. B C. C D. E