Identify the correct statement
a. The United States was an international net debtor from the end of World War I until the mid-1980s.
b. The United States was an international net creditor from the end of World War I until the mid-1980s.
c. In 1945, the United States became an international net debtor for the first time in almost 70 years.
d. In 1985, the United States became an international net creditor for the first time in almost 70 years.
e. The net creditor status of the United States has grown steadily since 1985.
b
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How has the distribution of money income changed over time?
What will be an ideal response?
Given a required reserve ratio of 0.25, what is the maximum amount by which the money supply can increase in response to a $200 million increase in excess reserves for the whole banking system?
A. $800 million. B. $200 million. C. $500 million. D. $250 million.
If we compare income percentages of total income of the highest quintile in 1968 with 2008, we would find that it was
A. rising. B. staying about the same. C. falling.
Why does the GDP deflator give a different rate of inflation than the CPI?