Which of the following changes would cause American net exports to increase?
A) An increase in the real value of the dollar
B) An increase in American income
C) An increase in foreign income
D) A shift in demand by American consumers away from domestically produced goods
C
Economics
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If a perfectly competitive industry suddenly became a monopolist, equilibrium output would _________, and the equilibrium price would _________.
a. increase; increase b. decrease; decrease c. increase; decrease d. decrease; increase
Economics
In the balance sheet for the FBN bank above, the entries are in millions of dollars. If the desired reserve ratio is 10 percent, FBN Bank can loan an additional
A) $280 million. B) $200 million. C) $100 million. D) $360 million.
Economics