From a macroeconomic perspective, a payment made by a foreign firm to a U.S. investor looks just like an:
a. import of a service
b. import of a good
c. export of a service
d. export of a good
c. export of a service
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If there is no Ricardo-Barro effect, an increase in the government budget surplus will
A) lower the real interest rate. B) decrease the demand for loanable funds. C) raise the real interest rate. D) decrease the supply of loanable funds. E) not change the demand for loanable funds, the supply of loanable funds, or the real interest rate.
High inflation helps people store wealth over time, which helps them to be able to smooth out their consumption over their lifetimes
Indicate whether the statement is true or false
Which of the following always lowers the equilibrium price?
A) an increase in both demand and supply B) a decrease in both demand and supply C) an increase in demand combined with a decrease in supply D) a decrease in demand combined with an increase in supply
Funding for the operations of the Board of Governors of the Federal Reserve is derived from
A) taxes collected from commercial banks. B) the governments of the states in which the district banks operate. C) appropriations from the United States Congress. D) earnings of the Federal Reserve district banks.