What type of intrinsic value or backing does U.S. currency have today?
A) none B) government bonds C) gold D) silver
A
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If China's government runs a budget surplus and there is no Ricardo-Barro effect, there will be ________ in the supply of loanable funds, private saving ________ and investment ________
A) an increase; decreases; increases B) a decrease; increases; increases C) an increase; increases; increases D) a decrease; decrease; increases
Based on the HRV growth diagnostic framework and the case study in Box 4.2, what are the binding constraints faced by Brazil, El Salvador and the Dominican Republic and how can these constraints be overcome?
What will be an ideal response?
As the economy recovers from a recession, we should expect that demand for
a. inferior goods will fall and demand for non-inferior goods will rise b. all goods will rise c. inferior goods will rise and demand for non-inferior goods will fall d. all goods will fall e. complements will fall
Other things constant, an increase in the demand for bicycles will
a. decrease the price of bicycles. b. decrease the quantity of bicycles bought and sold. c. decrease the demand for bicycle workers and lower their wages. d. increase the demand for bicycle workers and increase their wages.