Gross Domestic Product is the market value of
a. all exchanges made during the course of a year
b. all final goods produced during the course of a year
c. all monetary transactions during the course of a year
d. all the goods produced during the course of a year over and above what is required to maintain the population and the stock of capital
e. all final goods sold during the course of a year
B
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When the United States engaged in quantitative easing from 2008 to 2014, why didn't the money supply rise sharply?
A) Foreigners wanted all the new dollars created by the Federal Reserve. B) Banks held the increased monetary base as excess reserves. C) The Fed offset the increased monetary base by raising reserve requirements. D) The Fed offset the increased monetary base by buying foreign currency.
An increase in U.S. imports from Mexico will cause a decrease in income for Mexican individuals and businesses
a. True b. False Indicate whether the statement is true or false