If reserves in the banking system increase by $100, then checkable deposits will increase by $400 in the simple model of deposit creation when the required reserve ratio is
A) 0.01.
B) 0.10.
C) 0.20.
D) 0.25.
D
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Refer to Figure 2-8. Which country has a comparative advantage in the production of pineapples?
A) Costa Rica B) Guatemala C) They have equal productive abilities. D) neither country
Which of the following countries has the lowest export ratio?
A. Canada. B. Kuwait. C. Sweden. D. The United States.
During this year, nominal GDP in Syldavia was $720 billion and real GDP was $720 billion. The GDP price index in Syldavia in this year was
A) 0, because nominal GDP equaled real GDP. B) 100. C) 720. D) -1. E) 720 billion.
A unit of account
A) is a type of accounting of how many currency units there are in an economy. B) is an accounting of the total units of goods and services produced in an economy. C) is an agreed measure for stating the prices of goods and services in an economy. D) is a type of value stored within all assets.