The General Agreement on Tariffs and Trade focused on:
a. raising tariffs on agricultural products.
b. lowering trade restrictions between countries.
c. promoting full employment worldwide.
d. increasing trade restrictions between countries.
Ans: b. lowering trade restrictions between countries.
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In the above figure, suppose the economy is in short-run equilibrium at point D. Which of the following is the best policy option for the Fed?
A) Increase taxes. B) Increase the required reserve ratio. C) Increase government spending. D) open market purchase of government securities
Which of the following is true with regard to bonds?
A) As the price of a bond falls, the interest rates rises. B) As the price of a bond rises, the interest rates rises. C) As the price of a bond falls, the interest rates remains unchanged. D) As the price of a bond falls, the interest rates falls.