Which of the following is an example of a buyer?
a. Josh contributes $50 to a charity.
b. LDV Inc purchases rubber to make tires.
c. Yvette finds someone who wants to purchase her mp3 player.
d. Good Works Group asks for a donation to build a hostel.
b. LDV Inc purchases rubber to make tires.
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Refer to Figure 15-5. In the figure above, the movement from point A to point B in the money market would be caused by
A) a decrease in real GDP. B) an open market sale of Treasury securities by the Federal Reserve. C) an increase in the required reserve ratio by the Federal Reserve. D) an increase in the price level.
Under the Bretton Woods system, the organization assigned the task of making loans to countries that were experiencing balance of payments difficulties is known as the
A) World Bank. B) International Development Association. C) International Monetary Fund. D) Federal Reserve System.
From the classical perspective, an increase in unemployment during a recession represents
A) voluntary unemployment. B) a roughly equal mix of voluntary and involuntary unemployment. C) involuntary unemployment. D) a decrease in the number of discouraged workers in an economy.
Say’s law and Keynes’ law can both be illustrated in the ______________ model.
a. input/output b. circular flow c. AD/AS d. neoclassical