In a graph showing the market supply and demand for British pounds in terms of U.S. dollars, the demand-for-pounds curve is downsloping because:
A. Fewer British pounds can be purchased if pounds become less expensive
B. Fewer U.S. dollars can be purchased if British pounds become less expensive
C. More U.S. dollars can be purchased if British pounds become more expensive
D. More British pounds can be purchased if pounds become less expensive
D. More British pounds can be purchased if pounds become less expensive
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A contractionary monetary policy ________.
A. shifts the aggregate supply curve to the left B. is used when the inflation rate is high C. is designed to increase aggregate demand D. can reduce the length of a recession
Refer to Figure 3-4. If the price is $10
A) there would be a surplus of 600 units. B) there would be a surplus of 200 units. C) there would be a shortage of 200 units. D) there would be a shortage of 600 units.
Of the sources of external funds for nonfinancial businesses in the United States, loans from banks and other financial intermediaries account for approximately ________ of the total
A) 6% B) 40% C) 56% D) 60%
The balance sheet for a commercial bank shows the bank's:
a. required reserves as assets and excess reserves as liabilities. b. loans as assets and required reserves as liabilities. c. loans as assets and checkable deposits as liabilities. d. checkable deposits as assets and loans as liabilities. e. excess reserves as assets and required reserves as liabilities.