The multiplier measures the:
A. effect of government spending or tax cuts on national income.
B. number of times each dollar is spent in the economy.
C. supply of money in the economy.
D. effect of household spending on national income.
A. effect of government spending or tax cuts on national income.
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How would monetary easing by the Bank of Japan affect the value of the yen?
A) It increases it since more people will take out loans at the low interest rates. B) It reduces it since it reduces demand for yen since Japanese interest rates are now lower. C) It increases it since it increases demand for yen since Japanese interest rates are now higher. D) It reduces it since the supply of yen on the foreign exchange market is now lower.
The greatest global redistribution of income ever recorded occurred in the 1970s as a direct result of
a. a worldwide drop in food prices b. the OPEC cartel c. growing international oligopoly d. a shift from balanced to unbalanced oligopoly e. a shift from price leadership to kinked demand curve oligopoly
It would be impossible to have an unlevered bank
a. True b. False Indicate whether the statement is true or false
A quota is
A. An elimination of trade to nurture an infant industry. B. A prohibition against trading a good. C. A limit on the quantity of a good that may be imported in a given time period. D. A tax imposed on imported goods.