There is only one efficient allocation of resources in an economy at one point in time
a. True
b. False
Indicate whether the statement is true or false
False
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Since October 2008, Congress has granted the Fed an authority to
A) pay banks interest on both required reserves and excess reserves. B) charge banks interest on both required reserves and excess reserves. C) charge banks interest on required reserves but pay them interest on excess reserves. D) charge banks interest on excess reserves but pay them interest on required reserves.
Tariffs are highest in which sector internationally?
A) Agriculture B) Energy C) Technology D) Automobiles
________ in the domestic interest rate causes the demand for domestic assets to ________ and the domestic currency to depreciate, everything else held constant
A) An increase; increase B) An increase; decrease C) A decrease; increase D) A decrease; decrease
The quantity equation states:
A. M ×V = P ×Y. B. M ×P = Y ×V. C. P ×V = M ×Y. D. M ×Y = P ×V