In international finance, what does SDR stand for?
A) Special Drawing Rights.
B) Single Deposit Reserve.
C) Savings Deposit Ratio.
D) Single Demand Remittance.
A
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Capital is a(n) ____ variable and investment is a(n) ____ variable
a. physical, financial b. stock, flow c. asset, liability d. flow, stock
In the twentieth century, fluctuations in real GDP were
a. less severe during the last 50 years than was true during the first half of the century. b. virtually eliminated as the result of the countercyclical application of fiscal policy. c. more severe during the last 50 years than was true during the first half of the century. d. primarily the result of a fiscal policy that has persistently balanced the federal budget.
Which of the following statements about the real goods market is not true?
a. Among the most important factors influencing the shape of the aggregate supply curve is the nation's rate of resource utilization. b. Among the key indicators that provide clues about where a nation is on its aggregate supply curve is the unemployment rate. c. If the nation were near the Keynesian range, a strong increase in real GDP would be accompanied by relatively weak rise in the price index. d. In the classical range, a significant increase in real GDP is accompanied by a relatively small increase in the price index. e. All of the above are true.
How much do outputs increase when labor and capital increase from 1 to 2 units for the following production function , q = 10L0.5K0.3?
A) 7.4 units B) 7 units C) 8 units D) None of the above.