In which of the following periods did nations of the European Union experience the lowest average annual rate of growth of per capita real Gross Domestic Product (GDP)?
A. 1981-1990
B. 1991-2000
C. 2001-2010
D. 2011-2017
Ans: C. 2001-2010
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In the market for reserves, if the federal funds rate is above the interest rate paid on excess reserves, an open market sale ________ the supply of reserves causing the federal funds rate to ________, everything else held constant
A) decreases; decrease B) increases; decrease C) increases; increase D) decreases; increase
The American Revolution changed the basic structure of private property rights inherited during the colonial period
Indicate whether the statement is true or false
The possibility for recipients of funds in foreign countries to engage in riskier behavior after receiving financing is called
A) inequitable financing. B) moral hazard. C) adverse selection. D) asymmetric information.
Exhibit 4-3 Supply and demand curves
The market shown in Exhibit 4-3 is initially in equilibrium at E4. Changes in market conditions result in a new equilibrium at E3. This change is stated as a(n):
A. increase in supply and an increase in quantity demanded. B. increase in supply and a decrease in demand. C. decrease in supply and a decrease in quantity demanded. D. increase in demand an increase in supply.