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MacEc
Questions and answers by visitors named
MacEc
Questions (15)
if a bank has $100 million in deposits and $17 million in reserves with a reserve requirement of 0.15, how much does its excess
5 answers
52 views
if a bank has total reserves of $200,000 and $1 million in deposits, how much money can it lend if the required ratio is
a) 4%?
7 answers
42 views
Which of the following countries has the lowest export ratio?
Kuwait Canada United States Sweden
1 answer
29 views
If there are only two countries in the world and one has a trade deficit, the other country must
have a comparative advantage in
1 answer
50 views
Which of the following does the United States import?
cell phones, but not steel video-game machines, but not cell phones
1 answer
39 views
Over a given period of time, if exports exceed imports, the result is
1 answer
28 views
Consumption possibilities refers to the
amount that a country can expand its production possibilities by because of trade.
1 answer
45 views
In the absence of trade, a country's consumption possibilities are
1 answer
33 views
In the absence of trade, a country's consumption possibilities are
more than its domestic production possibilities. equal to its
1 answer
49 views
Specialization and trade
reduce consumption possibilities. increase the standard of living. make workers lazy. increase the
1 answer
39 views
When the terms of trade are between the opportunity costs for two countries, then both countries benefit if they
impose trade
1 answer
42 views
Tariffs on imported coffee will result in all of the following except
higher prices for imported coffee. gains for workers in the
1 answer
37 views
Which of the following is the result of a tariff?
a more efficient allocation of resources greater domestic production lower
1 answer
33 views
Which of the following is NOT referred to as a barrier to trade?
quotas tariffs the market mechanism nontariff barriers
1 answer
27 views
The consumer surplus is is the area of the from the market price ($120) up to the demand curve and over to the equilibrium
1 answer
48 views
Answers (4)
Suppose the economy is initially in equilibrium at an output level of 100 and a price level of 100. The Fed then manages to shift aggregate demand rightward by 20. Show what happens to output and prices if the aggregate supply curve is (i) horizontal, (ii)
From the end of 2011 to the end of 2012, M1 increased from $2,3111 billion to $2,546 billion. A) By what percentage did M1 increase? B) If the Fed had used a fixed rule of 3% growth of the money supply, how large [blank] billion would M1 have been in 2012?
Washington DC- Alarmed by the rapidly weakening economy, the Federal Reserve cut a key interest rate again yesterday. This is the eighth time this year the Fed had cut the discount rate, dropping it from 4.75% at the beginning of the year to a mere .50%
how much can it lend?
