A nation's foreign exchange reserves consist mainly of
A. currencies of other nations.
B. the legal currency of that nation.
C. excess reserves held by its banks.
D. government securities of that nation.
Answer: A
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According to the Keynesian model, real wages should
A) remain constant. B) fall during recessions. C) rise during recessions. D) stay the same during recessions but rise during expansions.
In addition to prediction, one purpose of regression analysis is:
a. to measure the overall "fit" of the model to the sample observations b. to test whether the slope parameter ? is equal to some particular value c. to test whether the slope parameter ? is equal to zero d. b and c e. none of the above
A net increase in inventories is considered as investment for the current year
a. True b. False Indicate whether the statement is true or false
Intended investment is
a. always equal to saving b. what producers hope will equal saving c. the investment producers actually make d. the investment producers had planned to make but may have ended up not making e. what producers hope ends up as inventory