The World Bank is an international organization that
A) promotes the growth of trade by setting rules for how tariffs and quotas are set by countries.
B) makes loans to countries to finance projects such as dams and roads.
C) makes loans to countries with balance of payment difficulties.
D) helps developing countries that have been having difficulties in repaying their loans to come to terms with lenders in the West.
B
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An excess supply of money in the economy implies an excess demand for
a. stocks b. mortgages c. consumer nondurables d. consumer durables e. bonds
If aggregate demand increases and aggregate supply decreases, the price level:
A. will decrease, but real output may increase, decrease, or remain unchanged. B. will increase, but real output may increase, decrease, or remain unchanged. C. and real output will both increase. D. and real output will both decrease.