Refer to the figure above. When the real exchange rate is below R*:
A) net exports are negative.
B) net exports are positive.
C) net exports can be positive or negative depending on the value of R*.
D) net exports are zero.
B
Economics
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Refer to Figure 3.2. If Wilma plays North and Betty plays West, what is Wilma's payout?
A) 10 B) 15 C) 21 D) 24
Economics
Assume the deposit expansion multiplier is 3.0. If the Treasury borrows $5 billion from the Non-bank public and spends it on the public, bank reserves will
A) rise by $5 billion. B) fall by $5 billion. C) rise by $15 billion. D) not change.
Economics