The table below shows data for Indonesia
2009 2010
Real GDP growth rate 4.5 6.0
Inflation rate 4.8 5.7
Assuming the rate of velocity change is constant, the money growth rate in Indonesia was
A) 0.3 percent in 2009.
B) 11.7 percent in 2010.
C) -0.3 percent in 2009.
D) 5.7 percent in 2010.
B
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If the required reserve ratio is .10, demand deposits are $200 million, and total reserves are $40 million, then excess reserves are
A) $20 million. B) $40 million. C) $400 million. D) $2,000 million.
When sellers have more information about products than buyers do, we would expect
A) sellers to get higher prices for their goods than they could otherwise. B) buyers to pay lower prices for goods than they would otherwise. C) high-quality goods to drive low-quality goods out of the market. D) low-quality goods to drive high-quality goods out of the market.