If there is an unrest in Europe that threatens the economic stability of Turkey, the
A) demand for the Turkish currency will fall.
B) demand for the Turkish currency will rise.
C) supply of the Turkish currency will fall.
D) supply of the Turkish currency will rise.
Answer: A
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If the reserve ratio is 100 percent, the value of the monetary multiplier is:
A. 1. B. 100. C. 10. D. 0.
Assume that the quantity of CDs is measured on the horizontal axis, while the quantity of movie tickets is measured on the vertical axis. If available income decreases, then
A. the vertical intercept of the budget line decreases, while the horizontal intercept remains unchanged. B. the horizontal intercept of the budget line decreases, while the vertical intercept remains unchanged. C. the budget line will shift inward. D. the budget line will shift outward.
Which of the following governmental expenditures are not included in gross domestic product?
a. The construction of federal buildings b. Social Security payments c. Salaries for senators d. Purchases of new defense weapons
Which of the following is not included in taxable income?
a. wages b. salaries c. alimony received d. interest on municipal bonds