European firms wishing to purchase American goods and services are ________ the foreign exchange market.
A. suppliers of U.S. dollars in
B. demanders of U.S. dollars in
C. demanders of Euros in
D. supplied dollars by the European Central Bank for use in
Answer: B
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The major problem facing the economy is high unemployment and weak economic growth. The inflation rate is low and stable. Therefore, the Federal Reserve decides to pursue a policy to increase the rate of economic growth. Which policy changes by the Fed would tend to offset each other in trying to achieve that objective?
A. Selling government securities and raising the discount rate. B. Buying government securities and raising the discount rate. C. Buying government securities and lowering the reserve requirement. D. Selling government securities and raising the reserve requirement.
Financial institutions for the poor have been neglected because
a. large banks considered rural branches to be unprofitable b. economists and others believed that poor people were unable to save c. the poor often save in non-monetary forms d. small farmers and business people were considered to be untrustworthy borrowers e. all of the above
An expansionary fiscal policy is usually employed by the government to close an expansionary gap in the economy
Indicate whether the statement is true or false
When total utility is falling
A) marginal utility is at a maximum. B) marginal utility is at zero. C) marginal utility is negative. D) marginal utility has decreased, but is now increasing.