By definition, currency depreciation occurs when the value of
A) all currencies fall relative to gold.
B) one currency falls relative to another currency.
C) one currency rises relative to another currency.
D) gold falls relative to the value of currencies.
B
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Saving differs from savings in that
A) saving is a flow while savings is a stock. B) saving is both a flow and a stock while savings is a stock. C) saving is a stock while savings is a flow. D) saving is a stock while savings is both a flow and a stock.
Suppose that you deposit $2,000 in your bank and the required reserve ratio is 10 percent. The maximum loan your bank can made as a direct result of your deposit is
A) $200. B) $1,800. C) $2,000. D) $20,000.
Economic development around the globe will be affected by how society nurtures incentives to create new
a. ideas b. inventions c. only ideas and inventions d. only ideas and artistic creations e. ideas, inventions, and artistic creations
If aggregate demand intersects aggregate supply in the horizontal range of the aggregate supply curve, then, other things equal, an increase in government spending will:
a. raise real GDP by the amount indicated by the government spending multiplier and leave the price level unchanged. b. lower real GDP by an amount equal to the increased spending and reduce inflation. c. raise the price level and leave real GDP unchanged. d. raise both real GDP and the price level by a multiple of the initial spending increase. e. have no effect on real GDP or the price level, because all private investment will be crowded out.