Which of the following is NOT a likely goal of macroeconomic coordination between nations?
A) Reducing trade barriers
B) Achieving a desirable level of world economic growth
C) Avoiding a global economic crisis
D) Correcting global economic imbalances
A
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The rules for joining the Eurozone specified monetary economic conditions that the potential entrants had to achieve for admission. The convergence criteria of the ECB were:
A) moderate inflation, low unemployment, and adequate foreign currency reserves. B) no national debt and no current account deficits within the past five years. C) inflation rates roughly matching the lowest in the Eurozone, stable exchange rate peg for two years, and equivalent long-term interest rates. D) a stable political situation, high GDP growth rate, and moderate unemployment
In the market for bank reserves, if the federal funds rate target is higher than the federal funds rate, the Fed will take action to ________ reserves
A) increase both the demand for and the supply of B) decrease the demand for C) decrease the supply of D) increase the demand for E) increase the supply of