Which of the following statements about the International Monetary Fund (IMF) is TRUE?
A) The IMF was created to finance long-term economic development projects in poor countries.
B) The IMF was created to reduce tariff barriers between nations.
C) The IMF functions as a central bank that conducts monetary policy for the world economy.
D) The IMF obtains funds from quota subscriptions charged to member countries.
D
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The self-correcting tendency of the economy means that rising inflation eventually eliminates:
A. unemployment. B. exogenous spending. C. recessionary gaps. D. expansionary gaps.
Macroeconomics differs from microeconomics in that
A) macroeconomics studies the decisions of individuals. B) microeconomics looks at the economy as a whole. C) macroeconomics studies the behavior of government while microeconomics looks at private corporations. D) macroeconomics focuses on the national economy and the global economy.
Refer to Figure 7-2. As a result of the tariff, domestic producers increase their quantity supplied by
A) 6 million pounds of coffee. B) 18 million pounds of coffee. C) 26 million pounds or coffee. D) 38 million pounds of coffee.
Ceteris paribus, an increase in the government budget deficit increases interest rates in the United States and causes a real appreciation of the dollar
Indicate whether the statement is true or false