Many nations are consistently accused of enjoying the benefits of membership in the United Nations, yet they provide few or no funds to support the organization. This is an example of
A) the principle of rival consumption.
B) the free-rider problem.
C) the negative externality problem.
D) the property rights problem.
B
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Changes in which of the following shifts the aggregate supply curve?
i. the price level ii. the money wage rate iii. potential GDP A) i only B) ii only C) iii only D) ii and iii E) i, ii, and iii
The curve showing the short-run relationship between the unemployment rate and the inflation rate is called
A) the Phillips curve. B) the monetary policy curve. C) the unemployment curve. D) the Sargent curve.
Under a system of flexible exchange rates, an increase in the supply of foreign exchange (an increase in the demand for the dollar) will cause the
a. dollar to appreciate. b. dollar to depreciate. c. U.S. trade deficit to decrease. d. U.S. inflation rate to increase.
Answer the following question based on the information given below: Deposits at the central bank = 400 U.S. Government Securities = 600 Checking Deposit = 1,700 Loans = 800 Stockholder's Equity = 70 Other Assets = 450 Other Liabilities = 380 Borrowing from the central bank = 250 Cash in the Vault = 150 If the reserve requirement is 10%, the level of excess reserves equals:
a. 495 b. 310 c. 550 d. 380 e. Cannot be determined with this information.