A nominal exchange rate is unadjusted for aggregate price levels
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following would be a human capital investment?
a. On-the-job training programs. b. Health care programs. c. Formal education. d. All of these.
If the reserve requirement is 10%, and a depositor withdraws $1,000 from a bank, the bank's excess reserves will change by:
a. -1,000 b. +1,000 c. -100 d. -900 e. +900
What is personal income tax? On which principle does the federal government levy this tax?
What will be an ideal response?
In general, the IMF provides developing countries with:
A. loans and lets these countries decide how the loans will be used. B. technical advice but does not provide them with loans. C. loans, but only if the government adopts certain policies specified by the IMF in return. D. neither loans nor technical advice.