The region with the highest percentage of people who live on less than $1.90 a day is:
A. sub-Saharan Africa.
B. South Asia.
C. China.
D. None of these is true.
A. sub-Saharan Africa.
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GDP excludes important factors that affect people's well-being, such as the value of:
A. leisure time. B. goods produced domestically but sold to foreigners. C. services purchased by households. D. government purchases of goods and services.
Suppose a bank has $100 million in checking account deposits with no excess reserves and the required reserve ratio is 20 percent
If the Federal Reserve reduces the required reserve ratio to 15 percent, then the bank will now have excess reserves of A) $0. B) $5 million. C) $15 million. D) $20 million.
Which of the statements below does not describe a demand curve that is unit elastic?
a. The percentage change in the quantity demanded = percentage change in product price. b. An increase in product price will not change total revenue. c. The price elasticity of demand equals one. d. A change in price does not change quantity demanded. e. A decrease in product price will not change total revenue.
If the Fed wishes to increase the money supply it could
a. decrease the discount rate. b. decrease reserve requirements. c. buy government securities on the open market. d. Do any of the above.