What is the difference between demand and quantity demand?
A. Quantity demand is the directly related to a change in price.
B. Quantity demand is a number while demand is the whole curve.
C. Demand is inversely related to a change in price.
D. Demand is a number while quantity demanded is the whole curve.
Answer: B
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The required Reserve ration is 25% an additional 5,000 of reserves can increase the money supply by?
A. 1,250 B. 125,000 C. 25,000 D. 20,000 E. 5,000
Figure 11-1
In Figure 11-1, the economy is experiencing a(n)
a.
inflationary gap equal to EF.
b.
inflationary gap equal to ET.
c.
recessionary gap equal to ET.
d.
recessionary gap equal to FT.
The forward exchange rate:
a. allows investors to be sure of the price at which they can trade forex in the future. b. is the rate at which a trader can purchase currency for immediate delivery. c. is the rate of discount that international banks get when they purchase. d. is the rate that speculators consider if they are looking for bargain prices .
The purchasing power of the dollar:
A. has been increasing in recent years because of economic growth. B. varies directly with the cost-of-living index. C. is inversely related to the level of aggregate demand. D. is the reciprocal of the price level.