In 2018, China held over $3 trillion in foreign reserves. Over 40 percent of China's reserves were in the form of U.S. Treasuries. This is an example of:
A. a crowding out effect.
B. the real debt.
C. internationalizing the U.S. debt.
D. policy conversion.
Answer: C
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Refer to the table above. What is the average (mean) monthly wage?
A) $450 B) $558 C) $612 D) $650
Primary dealers are those
A) permitted to trade directly with the Fed. B) who work under the account manager at the Federal Reserve Bank of New York. C) who specialize in selling bonds to small private investors. D) responsible for assuring that interest rates do not decline unless the FOMC has given specific instructions that they decline.
One likely result of a price ceiling is that
a. an excess supply of the good results b. the price would be above the equilibrium price c. the price would be the equilibrium price d. the good must be rationed e. the supply curve shifts to the right
Where would you plot unemployment on a production possibilities frontier?
What will be an ideal response?