The primary function of the Export-Import Bank is to assist in
a. guaranteeing markets for U.S. importers.
b. financing exports from the United States.
c. providing foreign currency to U.S. banking institutions.
d. reducing tariff rates between trading nations.
b. financing exports from the United States.
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A shift in the LM curve to the left could be caused by
a. an increase in the price level. b. a decrease in the money supply. c. an increase in the precautionary demand for money. d. all of the above. e. none of the above.
According to the law of demand, all else constant, a rise in price will decrease the demand for a good, and a decrease in price will increase demand for a good
a. True b. False Indicate whether the statement is true or false
Money payments made by governments to individuals for which no services or goods are concurrently rendered are known as
A. government-inhibited payments. B. transfer payments. C. government-sponsored payments. D. black market payments.
Refer to the above figure. An increase in aggregate demand between real Gross Domestic Product (GDP) levels Y0 and Y1
A. would most likely result in some inflation. B. would have no effect on the price level. C. would cause price levels to fall. D. would not increase output since the economy is already working at full capacity.