The net effect of regional trade agreements has been
A) an increase in the total amount of trade in the world.
B) a decrease in the total amount of trade in the world.
C) no change in the total amount of trade in the world.
D) either an increase or decrease in the amount of trade in the world, depending on where trade takes place.
A
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Good A is a normal good. The demand curve for good A:
A) slopes downward. B) usually slopes downward, but could slope upward. C) slopes upward. D) usually slopes upward, but could slope downward.
Capital accounts measure
a. the foreign asset holdings of a nation and that nation's asset holding abroad b. d and e c. changes in the foreign asset holdings of a nation and the difference between its exports and imports d. the difference between a nation's exports and imports e. changes in the foreign asset holdings of a nation and that nation's asset holdings abroad
The 45-degree reference line indicates all points at which
A. planned real saving and planned real saving are equal. B. planned real consumption expenditures and planned real saving are equal. C. planned real consumption expenditures and real GDP are equal. D. planned real saving and planned real investment are equal.
Answer the following statements true (T) or false (F)
1. If the Fed sells $10 million in government securities to commercial banks, the size of the effect on the banks' excess reserves is not the same as if the Fed sold the securities to the public instead. 2. When commercial banks borrow from the Federal Reserve Banks, they decrease their excess reserves and their money-creating potential. 3. The Federal funds rate is the rate that banks charge other banks for overnight loans of excess reserves. 4. If the Fed seeks to maintain a fixed targeted interest rate, then it will have to increase the money supply when the demand for money increases as income increases. 5. If the Fed is targeting a lower federal funds rate, then it is pursuing a restrictive monetary policy.