Refer to Figure 11-5. Based on the "catch-up line" drawn above, poorer countries are more likely to be at a point like ________, where growth in GDP is relatively ________, while richer countries are more likely to be at a point like ________,
growth in GDP is relatively ________.
A) B; low; A; high B) B; high; A; low C) A; high; B; low D) A; low; B; high
C
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What makes the Federal Reserve so unique compared to other central banks around the world is its
A) centralized structure. B) decentralized structure. C) regulatory functions. D) monetary policy functions.
To achieve a $500 billion decrease in AD, if the MPC is 0.8, what decrease in government purchases would be called for?
a. $100 billion b. $400 billion c. $500 billion d. $625 billion
Generally speaking, a country whose currency appreciates will experience, as a result,
A. Increasing interest rates from capital inflow. B. Increased exports. C. Reduced aggregate demand as a result of a decrease in exports. D. Inflationary pressure from higher import prices.
Figure 33.2 illustrates Lorenz curves for four different economies. For which economy would the lowest 20 percent of families receive the smallest share of total income?
A. A. B. B. C. C. D. D.