The amount of money a bank can lend
a. depends on its gold holdings.
b. depends on its holdings of government bonds.
c. is inversely related to its reserve requirements.
d. is unrestricted.
c. is inversely related to its reserve requirements.
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According to A.W. Phillips, an inverse relationship has existed between
A) the inflation rate and unemployment rate. B) the inflation rate and the money supply. C) unemployment and interest rates. D) the rate of growth of the money supply and the unemployment rate.
A country's CPI was 84.5 last year and 100.0 this year. The inflation rate was
A) 84.5 percent. B) 18.3 percent. C) 15.5 percent. D) 7.29 percent. E) -18 percent.
Explain how the circular flow diagram illustrates that the total value of spending on goods and services in an economy is equal to the total value of income in that economy
What will be an ideal response?
For purposes of determining comparative advantage, the cost of producing a good in each of two countries is measured in terms of:
a. metric units only. b. opportunity costs. c. total costs. d. the currency of the importing country. e. the currency of the exporting country.