Which of the following displays these two characteristics: rivalry and excludability?
A) a pure private good
B) a pure public good
C) a club good
D) a common pool resource
A
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Which is not something the Fed can do directly to conduct monetary policy?
A. Change the reserve requirement B. Change the exchange rate C. Change the discount rate D. Execute open market operations
The boom in housing prices from 2000-2005 contributed to the expansion that followed the 2000-2001 recession.
Answer the following statement true (T) or false (F)
Which of the following is TRUE regarding the quantity theory of money?
I. The theory predicts that in the long run the inflation rate equals the money growth rate minus the growth rate of real GDP. II. The theory predicts that countries with high growth rates of money will have high inflation rates. III. The theory predicts that increases in the growth rate of velocity lowers the inflation rate. A) I and II B) II and III C) I and III D) I, II and III
The Bretton Woods agreement created the ________, which was given the task of promoting the growth of world trade by setting rules for the maintenance of fixed exchange rates and by making loans to countries that were experiencing balance of payments
difficulties. A) IMF B) World Bank C) Central Settlements Bank D) Bank of International Settlements