Which of the following is not an argument usually presented in favor of trade restrictions?
a. national security
b. infant industry
c. cheap foreign labor
d. diversity of industry
e. increased efficiency
E
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Describe the effects of the reunification of eastern and western Germany in 1990 on both Germany and its neighboring European countries using the AA-DD framework
What will be an ideal response?
Reserve requirements is the rate the Fed charges when it lends money to banks
Indicate whether the statement is true or false
The Federal Reserve Act of 1913 was passed to
a. convert all banks to national banks b. check the overreach of powerful financial trusts c. allow banks to hold excess reserves d. allow banks to accept collateral as guarantees against outstanding loans e. prevent banks from accepting collateral as guarantees against outstanding loans
Use the market for central bank money to answer this question. Graphically illustrate and explain what effect an increase in the reserve deposit ratio (?) will have on this market and on the equilibrium interest rate
What will be an ideal response?