The demand for U.S. dollars originates from all of the following except
A. Speculation in U.S. dollars.
B. Foreign demand for U.S. exports.
C. U.S. demand for imported goods.
D. Foreign demand for U.S. investments.
Answer: C
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The Federal Reserve consists of ________ regional banks, ________ governors on the Board of Governors, and ________ voting members of the Federal Open Market Committee.
A. 14; 7; 21 B. 7; 12; 12 C. 12; 7; 12 D. 12; 7; 19
Which of the following is NOT a potential result of a price floor?
A) excess supply B) price greater than free-market equilibrium price C) Lower quality inputs are used, which increases marginal cost. D) All of the above.
An expansion is:
A. the high point of economic activity prior to a downturn. B. the low point of economic activity prior to a recovery. C. a period in which the economy is growing at a rate significantly below normal. D. a period in which the economy is growing at a rate significantly above normal.
Suppose real money demand is L = 0.8 Y - 100,000 (r + ?e). If the nominal money supply is 12,000, real output is 15,000, the real interest rate is .02, and the expected inflation rate is .01, then the price level is
A) 3/4. B) 1. C) 4/3. D) 3.