The interest rate that the Fed charges banks for borrowing funds is called the federal funds rate

Refer to Table 19-11. Nominal GDP for Tyrovia in 2016 equals

A) $1,140. B) $880. C) $690. D) $560.

The theory of purchasing power parity

A) extends the law of one price to a group of goods. B) assumes that most changes in nominal exchange rates are the result of changes in real exchange rates. C) assumes that inflation rates are roughly the same in most countries. D) was valid only under the gold standard.