A fixed exchange rate is:
a. determined by the forces of supply and demand.
b. the value of a nation's money in gold.
c. the value of a nation's money determined by the World Bank.
d. none of these.
b
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A decrease in the wage rate is represented by a(n): a. upward movement along the labor supply curve. b. downward movement along the labor supply curve. c. rightward shift of the labor supply curve
d. leftward shift of the labor supply curve.
Table 14.1Monetary Aggregates of the U.S. Financial SystemItemAmountCash held by public$250 billionTransactions deposits$1,000 billionRequired reserves$150 billionExcess reserves$0 billionU.S. bonds held by public$1,000 billionAssume an original balance sheet: The level of total reserves in Table 14.1 is
A. $1,150 billion. B. $400 billion. C. $150 billion. D. $250 billion.