The primary goal of the European Central Bank is
A) price stability.
B) exchange rate stability.
C) interest rate stability.
D) high employment.
A
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Which idea about development was constructed with developing countries in mind?
a. Harrod-Domar model b. New Growth theory c. Neoclassical growth model d. Lewis labor-surplus model e. All of the above
The total amount of money the banking system can create with an initial deposit (ID) of $10,000 and a legal reserve ratio (LRR) of 25 percent is
a. $30,000 b. $2,500 c. $7,500 d. $10,000 e. $40,000
Education and job training are part of:
A.) Business inventory spending. B.) Consumer spending on durables since the impact is long lasting. C.) Human capital investment. D.) Income transfers.
Which of the following is a reason for the Keynesian view that monetary policy plays a minor role in affecting the economy?
A. The money demand curve is vertical. B. The investment curve is very steep. C. The money demand curve is horizontal at any interest rate. D. the monetary rule