It has been observed that a change in monetary policy in the United States
A) has little or no effect on foreign markets.
B) leads to corresponding changes in other countries.
C) has only short run influences.
D) impacts net exports.
D
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Tom is a castaway who washes up on a remote island. He can kill eight birds per hour or catch ten fish per day. The natives on the island can kill ten birds per day or catch twenty fish per day. According to comparative advantage, a. Tom should kill more birds and fish less, then trade birds for fish. b. Tom should kill fewer birds and fish more, then trade fish for birds. c. Both, Tom should
kill more birds and fish less. d. Both, Tom should kill fewer birds and fish more.
The sum of the coins and currencies in the bank's vault and its deposit in the Fed is called:
a. vault cash. b. transaction deposits. c. legal reserves. d. required reserves. e. loanable funds.