The daily reserve supply curve is:
A. vertical.
B. horizontal.
C. upward sloping.
D. downward sloping.
Answer: A
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The mechanism behind the inflation insulation provided by a floating exchange rate is
A) Purchasing Power Parity. B) a fixed AA curve. C) market speculation. D) tight monetary policy. E) symmetry.
A market is said to be allocatively efficient when the marginal cost of producing each good equals the marginal benefit that consumers derive from that good
a. True b. False
Which of the following would not be a consequence of an increase in the U.S. government budget deficit?
a. U.S. interest rates rise b. U.S. net capital outflow falls c. the real exchange rate of the U.S. dollar depreciates d. the U.S. supply of loanable funds shifts left
Marginal (in Econ)
What will be an ideal response?