A decrease in the quantity of available resources would be represented by:
a. a steeper PPC.
b. a point inside the PPC.
c. an inward shift of the PPC.
d. an upward movement along the PPC.
e. a downward movement along the PPC.
c
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Which of the following statements are NOT true about Eurocurrency markets?
A) Covered interest arbitrage in Eurocurrency markets is typically very profitable. B) Eurocurrency interest rate differentials are often in equilibrium with forward premiums or discounts. C) The Eurocurrency markets and forward markets fulfill similar roles for banks and firms today. D) All of these statements about Eurocurrency markets are true.
The economy will reach equilibrium in a simple economy only if saving is
a. greater than investment. b. less than investment. c. equal to investment. d. equal to disposable income.