Increases in the prices of services due to improvement in its quality indicate a(n) _____. a....

Increases in the prices of services due to improvement in its quality indicate a(n) _____. a. decline in productivity. b. decline in real GDP. c. increase in output. d. decline in manufacturing output. e. increase in technological progress.

Suppose a bank has $850 million in vault cash and a deposit in the Fed of $100 million. If the bank’s required reserves equal $500 million, then the bank has excess reserves of: a. $100 million. b. $350 million. c. $400 million. d. $450 million. e. $500 million.

Assume that the yen price of one U.S. dollar rises to 80 yen and that the Bank of Japan has a target exchange rate of 75 yen per dollar. As a result, the Bank of Japan will intervene in the foreign exchange market by: a. selling U.S. dollars and buying yen. b. selling both U.S. dollars and yen. c. buying U.S. dollars and selling yen. d. buying both U.S. dollars and yen. e. buying U.S. Treasury securities.

Expert Solution

1.

Increases in the prices of services due to improvement in its quality indicate a(n) _____. d. decline in manufacturing output.

Reason: A decline in output will make the AC of improved quality service to increase, leading to an increase in the price of the services

2.

Suppose a bank has $850 million in vault cash and a deposit in the Fed of $100 million. If the bank’s required reserves equal $500 million, then the bank has excess reserves of: d. $450 million

Reason: Excess reserves = Checkable deposits – Required reserves

Excess reserves = 100 + 850 – 500

Excess reserves = $450 million

3.

Assume that the yen price of one U.S. dollar rises to 80 yen and that the Bank of Japan has a target exchange rate of 75 yen per dollar. As a result, the Bank of Japan will intervene in the foreign exchange market by: a. selling U.S. dollars and buying yen.

Reason: Since the Bank of Japan wishes to increase the value of yen in dollar terms or appreciate the yen, it will either respond by buying yen or sell US dollars

Rahul Sunny answered 1 year ago

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Increases in the prices of services due to improvement in its quality indicate a(n) _____. a....

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