A nation's account with the International Monetary Fund is measured in an international unit known as
A. monetary deposits.
B. special drawing rights.
C. gold reserves.
D. international reserves.
Answer: B
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If $1000 was deposited in a bank and the reserve requirement is 0.10, how much is available for loans?
A) $900 B) $910 C) $920 D) $930
Consider an economy in a long-run equilibrium with Y = 40 and ? = 3. A demand shock in period one causes output to rise to 45 and inflation rises to 4
Then, the updating of expected inflation to equal 4 causes output in period two to decline to 43.85, and inflation to rise to 4.77. Assuming no further shocks, calculate the values of output and inflation for period three.
Some environmental groups are on record suggesting that the price of gasoline should be much higher than it was in the early 1990s. Why might they say this?
A) They own stock in oil companies. B) They anticipate that the longer the price is high, the more elastic the response by consumers will be. C) They anticipate that the longer the price is high, the less elastic the response by consumers will be. D) They anticipate that higher prices will reduce the price elasticity of supply of oil.
In an attempt to reduce the poverty rate, there has recently been a movement away from income maintenance programs to
A) Supplemental Security Income programs. B) reducing the age a person can retire at. C) encouraging people to get jobs. D) incorporating the Lorenz policy in decisions.