Regulatory asymmetries can explain why the following places have become main Eurocurrency centers
A) the United States.
B) Germany.
C) Zurich, Somalia, and Mozambique.
D) London, Luxembourg, and The United States.
E) London, Luxembourg, and Hong Kong.
E
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Given the equations for C, I, G, and NX below, what is the equilibrium level of GDP?
C = 1,000 + 0.8Y I = 1,500 G =1,250 NX = 100 A) $3,080 B) $3,850 C) $6,930 D) $19,250
The marginal propensity to consume is
a. the fraction of an increase in income that would be spent on consumer goods. b. the additional desire people have for consumer goods. c. the fraction of a person’s total income normally spent for consumer goods. d. the change in consumption resulting from a $1 change in the price level.
A person's real wage will fall if the
A) nominal wage falls. B) price level rises. C) nominal wage rises. D) price level falls. E) a and b
In a typical domestic lending boom, almost all of the amount borrowed is dedicated toward investments that bring about substantial future gains.
Answer the following statement true (T) or false (F)