A productive efficient society
What will be an ideal response?
can produce more of one good only by producing less of another good.
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If Microsoft sells a bond in London and it is denominated in dollars, the bond is a
A) Eurobond. B) foreign bond. C) British bond. D) currency bond.
How does the goods market return to equilibrium if AE is less than production?
What will be an ideal response?
An open-market sale of Treasury bills by the Fed not only reduces the money supply but also
A. Lowers T-bill prices and raises interest rates. B. Drives up T-bill prices and pushes down interest rates. C. Lowers T-bill prices and pushes down interest rates D. None of these.
If the reserve ratio increased from 10 percent to 20 percent, the money multiplier would
a. rise from 10 to 20. b. rise from 5 to 10. c. fall from 10 to 5. d. not change.