Since 2008, excess reserves have increased from:
A. $2 billion to almost $3 billion.
B. $2 billion to almost $3 trillion.
C. $2 trillion to almost $3 trillion.
D. $3 billion to almost $2 trillion.
Ans: B. $2 billion to almost $3 trillion.
Economics
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Based on Table 9.1, the balance on the current account is
A) +100. B) +200. C) 0. D) -100. E) -200.
Economics
If a consumer doubles her quantity of ice cream consumed when her income rises by 25%, then her income elasticity of demand for ice cream is
A) 8.0. B) 4.0. C) .25. D) .08.
Economics