Countries with surpluses in their balance of payments frequently do not want to see their currencies ________ because it makes their goods ________ expensive abroad
A) appreciate; less
B) appreciate; more
C) depreciate; less
D) depreciate; more
B
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For a monopolistically competitive market, the number of firms in the market implies that
A) each firm faces a perfectly elastic demand. B) all firms will make losses. C) each firm acts independently of other firms. D) firms will collude to set monopoly price and output.
The bulk of the M1 money supply is made up of
a. silver dollars and gold bars. b. check able deposits. c. currency and travelers checks. d. money market funds.
A bank has $30,000 in deposits and has $5,400 in reserves. What is its reserve ratio?
According to adaptive expectations theory, expansionary monetary and fiscal policies to reduce the unemployment rate are:
A. useless in the long run. B. useless in the short run. C. ineffective on the price level. D. successful at achieving the desired outcomes.