Real gross domestic product per capita declines during periods of rapid economic growth
Indicate whether the statement is true or false
false
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Refer to the figure above. If the exchange rate is fixed above E yuan per dollar:
A) both the yuan and dollar are undervalued. B) the dollar is overvalued and the yuan is undervalued. C) both the yuan and dollar are overvalued. D) the dollar is undervalued and the yuan is overvalued.
A bank's excess reserves can be calculated as
A) total reserves times the reserve ratio. B) demand deposits times the reserve ratio. C) total reserves minus required reserves. D) demand deposits minus total reserves.
Which of the following is not considered a renewable resource:
A. sunlight. B. oil. C. wind. D. All of these are renewable resources.
Table 14.2Monetary Aggregates of the U.S. Financial SystemItemAmountCash held by public$100 billionTransactions deposits$300 billionRequired reserves$30 billionExcess reserves$0 billionU.S. bonds held by public$475 billionAssume an original balance sheet: The level of total reserves in Table 14.2 is
A. $315 billion. B. $475 billion. C. $30 billion. D. $330 billion.