The portion of the four-sector circular flow model which shows the flow of funds from savers to borrowers is the:
a. product market.
b. factor market.
c. savings market.
d. financial market.
d
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When a central bank intervenes in the foreign exchange market to purchase a foreign currency, the transaction:
a. Increases the nation's monetary base and increases the reserves account in the balance of payments. b. Decreases the nation's monetary base and increases the reserves account in the balance of payments. c. Decreases the nation's monetary base and decreases the reserves account in the balance of payments. d. Changes neither the monetary base nor the reserves account. e. Increases the nation's monetary base and decreases the reserves account in the balance of payments.
Daniel has $300 in a bank account. Some years ago he put $213.20 into this account, and it has earned 5 percent interest every year since then. How many years ago did Daniel open his account?
a. 4 years b. 5 years c. 6 years d. 7 years
A decrease in expected inflation shifts
a. the long-run Phillips curve left. b. the short-run Phillips curve left. c. neither the short-run nor long-run Phillips curve left. d. both the short-run and long-run Phillips curve left.
Portugal has a comparative advantage in which product?
