Which of the following makes short-term conditional low-interest loans to LDCs?
a. World Bank.
b. Agency for International Development (AID).
c. Agency for International Finance (AIF).
d. International Monetary Fund (IMF).
d
Economics
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Why do small differences in the rate of economic growth produce large differences in the size of the economy over time? Illustrate with an example.
What will be an ideal response?
Economics
If the income elasticity of money demand is 3/4 and the interest elasticity of money demand is -1/4, by what percent does money demand rise if income rises 10% and the nominal interest rate rises from 4% to 5%?
A. 6.25% B. 7.50% C. 5.00% D. 1.25%
Economics