Suppose the annual growth rate of real GDP for the nation of Svengali is 5% and the growth rate of velocity is 0%. If the money supply growth rate decreases from 4% to 2%, what is the new rate of inflation in Svengali?
A) -3%.
B) -1%.
C) 3%.
D) 7%.
A
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Which of the following describes what the Fed would do to pursue an expansionary monetary policy?
A) use discount policy to raise the discount rate B) use open market operations to sell Treasury bills C) raise the reserve requirement D) use open market operations to buy Treasury bills
In the short run, if average variable costs equal $45, average total costs equal $50, and output equals 100, the total fixed costs will equal
a. $5. b. $500. c. $1,000. d. $5,000.
What is the equilibrium price (P) and quantity (Q - in thousands) of bird feeders?
A) P = $10; Q = 25 thousand B) P = $35; Q = 20 thousand C) P = $20; Q = 20 thousand D) P = $5; Q = 30 thousand
Which of the following was NOT a creation of the Bretton Woods conference?
A) World Bank B) IMF C) IBRD D) WTO E) None of the above.