The total demand for money curve will shift to the right as a result of:
A. an increase in nominal GDP.
B. an increase in the interest rate.
C. a decline in the interest rate.
D. a decline in nominal GDP.
A. an increase in nominal GDP.
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If a bank receives a $1 million discount loan from the Federal Reserve, then the bank's reserves will
A) not change. B) increase by less than $1 million. C) increase by $1 million. D) increase by more than $1 million.
The idea that the business cycle is recurrent means that
A) declines in economic activity tend to be followed by further declines, and growth in economic activity tends to be followed by more growth. B) the standard pattern of contraction—trough—expansion—peak occurs again and again in industrial economies. C) many economic variables to move together in a predictable way over the business cycle. D) peaks and troughs of the business cycle occur at regular intervals.
Which of the following is true? a. At below the natural rate of unemployment, the economy is considered to be beyond full employment. b. At below full employment, the economy is producing more than potential output
c. At below full employment, unemployment would be below its natural rate. d. All of the above are true.
Compromise between the desire to facilitate international trade and the need to give domestic governments latitude to govern their economies is called
a. economic structuralism. b. embedded liberalism. c. reciprocity. d. voluntary export restraint.