Since the middle 1980s, Bolivia and many other less-developed countries have experienced
a. negative terms of trade
b. constant terms of trade
c. increasing terms of trade
d. decreasing terms of trade
e. zero terms of trade
D
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Since the mid-1980s, the United States has been a net ________ and a ________ nation
A) borrower; creditor B) lender; creditor C) borrower; debtor D) lender; debtor
In the U.S., health and Medicare account for _____ of all federal spending
a. 29% b. 24% c. 17% d. 6%
Students Bank and Trust has zero excess reserves. Ceteris paribus, if the required reserve ratio decreases.
A. Bank assets will decrease. B. Required reserves will increase. C. The bank will be able to make additional loans. D. The money multiplier will decrease.
Which of the following events could shift both the demand curve and the supply curve for a good?
a. A technological advance pertaining to the production of the good is observed.
b. Incomes of all buyers of the good increase.
c. The number of sellers of the good increases.
d. Everyone revises upward their expectation of next month’s price of the good.