As the exchange rate ________, the quantity of dollars ________ in the foreign exchange market ________
A) rises; supplied; increases
B) falls; supplied; increases
C) rises; demanded; increases
D) falls; demanded; decreases
A
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The interest rate for primary credit is usually set ________ basis points ________ the federal funds rate. In March 2008, this gap was changed to ________ basis points
A) 50; below; 100 B) 100; above; 25 C) 100; below; 50 D) 50; above; 25
Use the NBER data in Table 8.1 in the textbook on U.S. business cycle turning points to calculate:
a) the shortest business cycle from peak to peak; b) the shortest business cycle from trough to trough; c) the longest business cycle from peak to peak; and d) the longest business cycle from trough to trough.
A statement of fact that can be verified by observation is
a. an abstraction b. a positive statement c. a normative statement d. a philosophical conundrum e. the basis of an assumption
Last Word) Over the past twenty-five years, China has averaged annual growth rates of nearly:
A. 5 percent. B. 9 percent. C. 12 percent. D. 15 percent.