High-mobility international capital markets exist when:
a. Changes in any of the three key macroeconomic markets affect the other two markets weakly.
b. Changes in any of the three key macroeconomic markets affect the other two markets strongly.
c. Current international transactions effects outweigh net nonreserve-related international borrowing/lending effects.
d. Net nonreserve-related international borrowing/lending effects outweigh current international transactions effects.
.D
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The deposit expansion multiplier would decrease if the Fed were to
A) raise the required reserve ratio. B) lower the required reserve ratio. C) lower the discount rate. D) buy bonds.
The service a homeowner performs when she mows her yard is not included in GDP because:
A. This is a nonmarket transaction B. This is a nonproduction activity C. This is a noninvestment transaction D. Multiple counting would be involved