The merchandise trade balance equals:
a. balance of payments – depreciation
b. assets – liabilities
c. merchandise exports – merchandise imports
d. trade surplus – trade deficit
c
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Bank deposits at the Federal Reserve = $40 billion, vault cash = $2 billion, the required reserve ratio = 0.10, and total checkable deposits = $400 billion. It follows that required reserves equal __________ billion, (total) reserves equal __________ billion and excess reserves equal __________ billion
A) $42; $42; $2 B) $42; $40; $2 C) $2; $40; $38 D) $38; $40; $2 E) $40; $42; $2
In August 2018, the U.S. unemployment rate was 3.9% and the civilian labor force was estimated to be 161,776,000. About how many unemployed workers were there in the United States?
a. 63.1 million b. 41.5 million c. 6.3 million d. 3.9 million
According to the law of demand,
a. demand curves have positive slope. b. supply curves have positive slope. c. demand curves slope downward. d. as consumer income increases, so does demand.
If one euro nation is experiencing rapid growth and inflation while another is facing sluggish growth and recession:
A. the two countries will disagree about the monetary policy that ought to be employed by the European Central Bank. B. the European Central Bank ought to employ a tight monetary policy. C. the European Central Bank ought to employ an easy monetary policy. D. only an appreciation of the euro can help both countries simultaneously.