Decreasing the required reserve ratio is an expansionary policy because it increases the amount of excess reserves in the banking system
a. True
b. False
Indicate whether the statement is true or false
True
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There is a significant positive relationship between ________ and __________
a. natural resource commodity exports, high levels of per capita GDP b. investment in capital, high levels of per capita GDP c. high levels of illiteracy, high levels of per capita GDP d. limited government recognition of land tenure and property ownership, high levels of per capita GDP
A simple model used in your textbook to show how an economy works is the
a. renewable resources model b. normative economic model c. insatiable wants model d. econometric model e. circular flow model
International trade is beneficial to a participating country when that country has a particular product that it is able to sell at a lower price compared to other participating countries
a. True b. False Indicate whether the statement is true or false
If the dollar appreciates, it can be said that
A. foreigners respect the United States more. B. it increases in value within the United States. C. other currencies depreciate. D. it takes more dollars to buy foreign currencies.