The supply of Russian rubles to the foreign exchange market derives from
a. surplus rubles created by a favorable balance of trade in Russia
b. foreigners who exchange their currencies so they can buy French Russian goods
c. foreign firms that invest in Russia
d. the excess reserves in Russia held by foreign governments
e. Russian people who exchange rubles for other currencies so that they can buy other countries' goods
E
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Wage differences can be explained by all of the following except
A) economic discrimination. B) differences in marginal revenue products. C) compensating differentials. D) comparable worth.
The government is pursuing an expansionary policy if it:
a. decreases its spending and increases its tax revenues. b. increases its spending or increases its tax revenues. c. decreases its spending or reduces its tax revenues. d. increases its spending and/or reduces its tax revenues.