A bank's assets are
A) things the bank owes to someone else.
B) things owned by or owed to the bank.
C) a measure of the bank's net worth.
D) always greater than the bank's liabilities.
B
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During a demand-pull inflation, if the Fed tries to maintain a level of real GDP above potential GDP, the AD curve will ________ and the AS curve will ________
A) not shift; shift rightward continuously B) shift rightward continuously; shift rightward continuously C) shift rightward once; shift rightward continuously D) shift rightward continuously; not shift E) shift rightward continuously; shift leftward continuously
If inflationary expectations are based on all available information, they are referred to as
A) optimal. B) rational. C) adaptive. D) informed.
When a government sets limits or puts any restrictions on the international flow of currency or payments, these measures are called:
a. forex regulation and restriction. b. capital controls. c. safeguard measures. d. black-market measures.
In the market for euros, the demand for euros (€) is
A) downward sloping, because at lower dollar prices for the euro, U.S. residents will buy more European goods and services. B) upward sloping, because at higher dollar prices for the euro, U.S. residents will buy more European goods and services. C) upward sloping, because at higher dollar prices for the euro, Europeans will buy more U.S. goods and services. D) horizontal, because dollar prices of euros and euro prices of dollars are directly related.