The two largest economies in the world in 2012 were:
A. China and the U.S.
B. Japan and the U.S.
C. England and the U.S.
D. China and Germany.
A. China and the U.S.
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Which of the following is likely to happen if the quantity of bank reserves held at the Fed increases?
A) The stock of money in the economy increases. B) The number of loans issued by banks decrease. C) Bank deposits decrease. D) The real interest rate increases.
The Federal Reserve will engage in a repurchase agreement when it wants to ________ reserves ________ in the banking system
A) increase; permanently B) increase; temporarily C) decrease; temporarily D) decrease; permanently
If for any given inflation rate, the federal government lowered taxes, ________
A) it would have a similar qualitative result on output as an increase in government purchases B) it would raise disposable income leading to higher consumption spending C) the aggregate demand curve would shift to the right D) all of the above E) none of the above
Answer the following statement(s) true (T) or false (F)
1. A perfect order is one that is received, processed, picked, packed, shipped, documented, and delivered on time without damage. 2. A perfect order is one that is received, processed, picked, packed, shipped, documented, and delivered on time without damage. 3. In logistics, attention to detail is important. This means that all relationships are created equal. 4. Only about 20% of all relationships are transctational in nature. 5. Growing your business by increasing sales with loyal customers is five times more expensive than finding and developing new customers.