In the monetary small open-economy model with a fixed exchange rate, a temporary decrease in domestic total factor productivity in the absence of any other shocks
A) increases the current account surplus and increases the domestic money supply.
B) increases the current account surplus and decreases the domestic money supply.
C) increases the domestic money supply and decreases the current account surplus.
D) decreases the domestic money supply and decreases the current account surplus.
D
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Statistics show that 88% of all computer science majors are ________ and 86% of all architects and engineers are ________
A) men; men B) men; women C) women; men D) women; women
Differences in income are most directly related to which of the following economic question?
A) What goods and services are produced? B) In what quantities are various goods and services produced? C) How are goods and services produced? D) Who consumes the goods and services that are produced?
When the Social Security Administration holds U.S. Treasury Bonds
A) interagency borrowing has occurred and the government owes itself. B) there is a balanced budget. C) an entitlement has occurred. D) the gross public debt has increased.
If demand deposits increase, the result is that
a. required reserves must increase b. the reserve ratio must increase c. all banks are "loaned up" d. the number of loans must decrease e. all banks are suffering a loss