The ________ gives loans to medium-income, creditworthy countries, and the ________ gives aid to poorer countries.
A. UNDP; IBRD
B. IBRD; IDA
C. IDA; IBRD
D. IDA; UNDP
Answer: B
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A change in the price of a good ________ its supply curve and ________ a movement along its supply curve
A) does not shift; causes B) shifts; does not cause C) does not shift; does not cause D) shifts; causes E) None of the above because the change in the price might cause either a shift in the supply curve or a movement along the supply curve depending on the size of the change.
Imagine that two years ago you inherited $20,000 and put it into an account paying a fixed 8 percent annual interest rate. How much money do you have in your account now?
a. $22,880.00 b. $23,200.00 c. $23,232.00 d. $23,328.00
Refer to Figure 14.2. A movement from point b to point a could be caused by a(n):
A. increase in government spending. B. decrease in the price of oil. C. increase in taxes. D. a massive crop failure.
Why is the real-world deposit multiplier smaller than 1/RR, where RR is the required reserve ratio?
What will be an ideal response?