Under the Bretton Woods agreement, the officially determined value of a country's currency is referred to as its
A) GDP.
B) par value.
C) exchange rate.
D) value-to-weight ratio.
B
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An increase in the reserve requirement
A) increases the money supply, which leads to increased interest rates and a decrease in GDP. B) decreases the money supply, which leads to increased interest rates and a decrease in GDP. C) decreases the money supply, which leads to decreased interest rates and a decrease in GDP. D) increases the money supply, which leads to decreased interest rates and a decrease in GDP.
A share of stock is a
A) certificate of ownership and claim to the profits made by a firm. B) collection of funds that travels the world looking for the highest return. C) form of investment in physical capital. D) set of demanders and suppliers for the savings of households. E) promise to pay specified sums of money on specified dates.
When price was 6, quantity demanded was 10. When price decreased to 5, quantity demanded increased to 13. Therefore, when price decreased, total revenue
A. decreased from 65 to 60, indicating that demand is inelastic. B. increased from 60 to 65, indicating that demand is inelastic. C. decreased from 65 to 60, indicating that demand is elastic. D. increased from 60 to 65, indicating that demand is elastic.
Which of the following contributes to "frictional" unemployment?
A) Individuals remaining unemployed while searching for a new job B) Individuals losing work because of recessions C) Shifts in the type of jobs in the economy such as from construction to information technology D) Individuals who not in the labor force but would like to work