Buying a cup of coffee with a dollar bill represents the use of money as a:
a. unit of account.
b. medium of exchange.
c. store of value.
d. All of the answers are correct.
b
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Both the trade and budget balance were in roughly zero until the 1980s when the budget deficit increased dramatically and the U.S. trade deficit increased dramatically
However, during the late 1990s the budget deficit shrank—in fact, moving to surplus—at the same time that the U.S. trade deficit increased significantly. Since 2000, the budget deficit has increased significantly, particularly after 2008.What is the relationship between a country's trade balance and its stance as a borrower or lender? Historically, has the U.S. been a net lender or net borrower? Why do you think that this is? Do you think that the U.S. budget situation might have anything to do with this?
Required reserves are a % of loans that the bank must set aside in its vault or in its account with its Federal Reserve Bank
a. true b. false
When the price level decreases, the resulting _______ in the interest rate will _____ investment.
a) decrease; increase b) decrease; decrease c) increase; increase d) increase; decrease e) none of the above
Evaluating a supply and a demand curve independently, if the equilibrium price rises,
A. The consumer surplus will fall. B. The consumer surplus will increase. C. The producer surplus will fall. D. The producer surplus will increase.