If real GDP is increasing more rapidly than population
What will be an ideal response?
per capita real GDP will be increasing
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An appreciation of the U.S. dollar occurs when
A) the international price of the dollar falls. B) the international price of the dollar rises. C) the supply of dollars in international markets increases. D) the U.S. demand for foreign currencies increases.
A new bank has reserves of $600,000, checkable deposits of $500,000, and government securities of $100,000. If the desired reserve ratio is 10 percent, the amount of loans this bank can make is
A) $60,000. B) $550,000. C) $50,000. D) $600,000. E) $540,000.
According to the text, to effectively control most American corporations requires
a. a person to own nearly all of the voting stock b. a person to own at least 51 percent of the voting stock c. a person to own at least 75 percent of the voting stock d. as little as 10 percent of the voting stock e. a person to own all of the corporate bonds
An increase in the price of ice cream is likely to cause:
A. an outward shift of the demand curve for ice cream. B. a movement to the right along the demand curve for ice cream. C. a movement to the left along the demand curve for ice cream. D. an inward shift of the demand curve for ice cream.