Because of the increasingly global market for loanable funds, crowding out may not cause a significant problem in some ________ countries. However, it can adversely affect economic growth in ________ countries.
A. developed; other developed
B. developing; developed
C. developed; developing
D. developing; other developing
Answer: C
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Explain how a currency drain affects the size of the money multiplier. In your explanation, suppose that a bank gains $1 million in new deposits and reserves
Further suppose that the desired reserve ratio is 10 percent and the currency drain is 50 percent.
When a physician knows more about alternative treatments than her patients, we say that _______ exists
a. rational ignorance. b. perfect information. c. asymmetric information. d. moral hazard. e. adverse selection.
A commitment strategy can:
A. be used to change people's payoffs to gain cooperation. B. allow players to reach a mutually beneficial equilibrium that would otherwise be difficult to maintain. C. result in a positive-positive outcome. D. All of these statements are true.
The CPI attempts to:
A. balance out the consumption of different types of people in different life stages. B. balance out the consumption of different types of people in different life situations. C. capture an average across a very large group of U.S. consumers. D. All of these statements are true.