Which of the following countries have used adjustments to the required reserve ratio as a primary tool of monetary policy?
A. United States
B. China
C. Mexico
D. India
B. China
You might also like to view...
In the above figure, if no government intervention occurs, at the unregulated competitive market equilibrium, there is an
A) external marginal benefit of $2. B) external marginal cost of $2. C) external marginal benefit of $1. D) external marginal cost of $3.
An increase in expected inflation causes the real interest rate to ________ and output to ________ in the short run, before prices adjust to restore equilibrium
A) rise; rise B) rise; fall C) fall; rise D) fall; fall
The fallacy of composition is the erroneous view that: a. an increase in the supply of money will cause a general increase in the level of prices
b. a small change in an economic variable will have an unrecognizable but significant effect on the economy. c. when two events are associated, the one observed first must have caused the second. d. if something is true for an individual, then it must also be true for a group.
If you go to the bank and notice that a dollar buys more Japanese yen than it used to, then the dollar has
a. appreciated. Other things the same, the appreciation would make Americans less likely to travel to Japan. b. appreciated. Other things the same, the appreciation would make Americans more likely to travel to Japan. c. depreciated. Other things the same, the depreciation would make Americans less likely to travel to Japan. d. depreciated. Other things the same, the depreciation would make Americans more likely to travel to Japan.