Which of the following is not characteristic of successful microfinance organizations:
a. close, continuous contact between borrower and lender
b. teams of borrowers who put pressure on each other to repay on time
c. relatively small loans for short-term projects
d. numerous levels of approval required to ensure that loans are sound
e. all of the above characterize successful microfinance organizations
D
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The values on the axes of the long-run aggregate supply diagram are
A) real GDP and interest rates. B) real GDP per year and the price level. C) nominal GDP and the price level. D) real GDP and nominal GDP.
Which of the following would decrease the value of the dollar in the long run?
A) an increase in U.S. tariffs on foreign goods B) a decrease in the demand for American goods relative to goods from other countries C) a decrease in inflation in the United States relative to other countries D) a decrease in the supply of dollars on the foreign exchange market