The public choice model
A) applies economic analysis to government decision making.
B) applies economic analysis to the collective decision making of consumers.
C) examines the public's role in appointing politicians and ensuring that elected officials act in ways to reflect the public's preferences.
D) examines the degree of market power that the public exerts in a market economy.
A
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The Fed buys $50,000 of government securities. The desired reserve ratio is 10 percent and the currency drain ratio is zero. What will be the change in the quantity of money?
A) $0 B) $5,000 C) $50,000 D) $5,000,000 E) $500,000
What is a balance of payments system, and what three types of international transactions are typically found in the balance of payments?
What will be an ideal response?