Which of the following causes a shift from E3 to E4?
a. price increase in the long run
b. price increase in the short run
c. price decrease in the long run
d. price decrease in the short run
a. price increase in the long run
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If the price level in the U.S. is 120, the price level in South Africa is 140, and the nominal exchange rate is 7 South African rands per dollar, then the real exchange rate is
A) 6 South African goods per U.S. good. B) 8.4 South African goods per U.S. good. C) 9.8 South African goods per U.S. good. D) 1.4 South African goods per U.S. good.
What is the role of the Federal Deposit Insurance Corporation?
a. To insure bank deposits b. To act as a lender of last resort c. To establish regulations for commercial banks d. To monitor the actions of commercial banks e. To insure the assets of commercial banks
The federal funds rate is the rate at which
a. banks loan money to the Fed b. the Fed loans money to banks c. one regional Federal Reserve bank loans money to another regional Federal Reserve bank d. one bank loans money to another. e. regional Federal Reserve banks loan money to a local bank.
By 2016, the dollar value of the debt had climbed:
A. to 104 percent of GDP. B. to $800 billion. C. to just under $500 billion. D. down to 80 percent of GDP.