When the potential money multiplier is 7, a $3,000 increase in demand deposits could support the creation of ______ new demand deposits

Which of the following options could be used to eliminate a recessionary gap?

a. Decrease government spending b. Decrease consumption c. Decrease investment d. Decrease taxes

The nominal exchange rate:

A. is a synonymous term for the swap rate. B. is the amount of one country's goods that could be obtained with a basket of goods of another country. C. is the rate that one can exchange the currency of one country for the currency of another country. D. is always expressed as units of a foreign currency per U.S. dollar.