One of the main roles of a central bank is:
A. managing the nation's money supply.
B. coordinating the relationship between banking system and federal government.
C. ensuring that banks provide enough loans.
D. monitoring federal spending.
A. managing the nation's money supply.
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The output of U.S. citizens who work in Canada would be included in the
A) gross domestic product of the United States. B) gross domestic product of Canada. C) gross national product of Canada. D) gross national product of Canada and the gross national product of the United States.
Assume that a hurricane in Brazil destroys half of the coffee crop. Considering that Brazil is a major coffee producing country, consumers expect the price of coffee to increase in the near future. How does this reflect on the demand for coffee?
a. There is a movement upward along the demand curve for coffee. b. The demand curve for coffee shifts inward. c. The demand curve for coffee shifts outward. d. There is a movement downward along the demand curve for coffee. e. The demand for coffee declines.