Refer to Table 9-12. If the actual terms of trade are 1 belt for 1.5 swords and 50 belts are traded, how many swords will Morocco consume?
A) 60 B) 75 C) 135 D) 200
B
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Refer to the figure above. If the government of China wants to peg the exchange rate above E yuan per dollar:
A) it will have to buy dollars and sell yuan. B) it will have to buy both dollars and yuan. C) it will have to buy yuan and sell dollars. D) it will have to sell both dollars and yuan.
A bank has checkable deposits of $1,000,000, loans of $600,000, and government securities of $400,000. If the required reserve ratio is 5 percent, the amount of required reserves is
A) $100,000. B) $30,000. C) $50,000. D) $80,000. E) $20,000.
In the classical model, a temporary increase in government purchases causes
A) a decrease in output and the real interest rate. B) a decrease in output and an increase in the real interest rate. C) an increase in output and a decrease in the real interest rate. D) an increase in output and the real interest rate.
A monopolist's total profit is shown by the difference between price and average cost per unit times the number of units sold
a. True b. False Indicate whether the statement is true or false