The goal of the World Bank is to
A. help finance economic development.
B. supervise the activities of the central banks of member nations.
C. supervise exchange rate stability.
D. sell the government securities of member nations on the open market.
Answer: A
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If the Fed tries to lower the unemployment rate so it is lower than the natural unemployment rate, in the short run before the expected inflation rate changes, the SRPC ________ and the LRPC ________
A) shifts downward; shifts leftward B) shifts downward; does not change C) does not change; shifts rightward D) shifts upward; does not change E) does not change; does not change
From the perspective of households and businesses deciding where to deposit their money, the key advantage of the private loans issued by commercial banks is ________
A) transparency B) marketability C) incentive for the bank to collect information D) relatively high interest rates
Figure 10-3
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In Figure 10-3, the perfectly competitive firm is realizing a
A. loss equal to ABCE. B. profit equal to ABCE. C. profit equal to ABDF. D. loss equal to ABDF.
If the dollar appreciates (becomes stronger) this causes:
a. the relative price of U.S. goods to increase for foreigners. b. the relative price of foreign goods to decrease for Americans. c. U.S. exports to fall and U.S. imports to rise. d. a balance of trade deficit for the U.S. e. all of these.