The monetary expansion of the mid-1990s was expected to lead to a currency appreciation
a. True
b. False
Indicate whether the statement is true or false
False
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The difference between Gross Domestic Income (GDI) and Gross Domestic Product (GDP) is that
A. GDP is always smaller than GDI. B. GDP is GDI less indirect business taxes and depreciation. C. GDI is GDP less indirect business taxes and depreciation. D. GDI is equal to GDP.
Refer to the below graphs. If union workers decide to take more leisure, while the prices of the products produced by union workers increase, this situation is depicted in graph:
A. A
B. B
C. C
D. D
How might asymmetric information cause a well-managed bank to be abandoned by its depositors?
What will be an ideal response?
The following provides data for an economy in a certain year. Consumption expenditures$50Imports$40Government purchases of goods and services$20Construction of new homes and apartments$30Sales of existing homes and apartments$40Exports$50Government payments to retirees$10Household purchases of durable goods$20Beginning-of-year inventory$10End-of-year inventory$20Business fixed investment$30 Given the data, how much did households spend on nondurables and services?
A. $70 B. $30 C. $50 D. $20