Growth in Latin America in the 1970s was largely fueled by
A) monetary expansion.
B) government spending.
C) export growth.
D) capital inflows.
B
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Since an individual spends a small share of the income on salt, the elasticity of demand is likely to be low.
Answer the following statement true (T) or false (F)
If the federal funds rate is above the equilibrium federal funds rate, then the supply of reserves would be __________ than the demand for reserves and the banks would try to __________ reserves causing the federal funds rate to fall
A) greater than; lend B) greater than; borrow C) less than; lend D) less than; borrow
In the short run, which of the following is most likely a variable cost?
A. Interest payments on borrowed funds. B. Contractual lease payments. C. Labor and raw materials costs. D. Property taxes.
The velocity of money is equal to:
A. 1/MPS. B. nominal GDP/M. C. 1/reserve ratio. D. nominal GDP/P.