Over the past two decades, the saving rate in China has been approximately ________%
A) 17
B) 80
C) 40
D) 5
C
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Most of us are dependent on crude oil in some shape or way, whether it's to power our cars or to heat our homes in some parts of the country. More than 80 percent of the home heating oil used in the United States goes to the Northeast
It is suggested that there needs to be government regulation to make it illegal to charge a very high price for oil. This type of regulation would be a ________. A) price ceiling B) price floor C) shortage regulation D) tax incidence
Refer to Figure 23-4. Potential GDP equals $100 billion. The economy is currently producing GDP1 which is equal to $90 billion. If the MPC is 0.8, then how much must autonomous spending change for the economy to move to potential GDP?
A) -$18 billion B) -$2 billion C) $2 billion D) $18 billion
If purchasing power parity holds, the exchange rate (e) can be expressed as a function of the domestic price (P) and the foreign price (P*) as
A) e = P - P*. B) e = P* - P. C) e = P* + P. D) e = P/P*.
If the Federal Reserve wished to decrease interest rates using open market operations, it would
A. buy gold. B. buy U.S. government securities. C. buy corporate stocks. D. sell U.S. government securities.