Quantitative easing (QE) refers to:
A. lending of reserves by the Federal Reserve to commercial banks
B. a process similar to open-market sales
C. a process similar to open-market purchases
D. information that a central bank provides to the financial markets regarding its expected future monetary- policy path
Answer: C
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Resource markets are like any other market in that
a. the increase in quantity supplied in response to a higher price will generally be greater in the long run than in the short run. b. the amount demanded of a resource is inversely related to its price. c. higher prices encourage people to search for substitutes. d. all of the above are correct.
The most unequal distribution of income in the above figure exists in
A. country 4. B. country 5. C. country 3. D. country 1.
As the key component in gasoline production, a decline in the price of crude oil would cause
A. the demand for gasoline will decrease. B. the demand for gasoline will increase. C. the supply of gasoline will increase, and its price will fall. D. the supply of gasoline will decrease, and its price will rise.
U.S. exports of goods and services flow to households and firms in ________, and U.S. financial inflows of capital flow to households and firms in ________
A) the rest of the world; the United States B) the rest of the world; the rest of the world C) the United States; the United States D) the United States; the rest of the world E) the United States; the rest of the world and the United States