When the Loanable Funds and Foreign Exchange Markets Are in Equilibrium

question 44

Multiple Choice

When the loanable funds and foreign exchange markets are in equilibrium,

• A) there are no leakages from the circular flow of income.
• B) macro equilibrium cannot occur.
• C) the leakages from the circular flow will equal the injections into it.
• D) injections into the circular flow will exceed leakages from it.

Calculate geometric mean growth rate.

Analyze statistical data without a mode.

Understand and define the range in a data set.

Calculate mean age in a given data set.

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Definitions:

Bankruptcy Provisions

Legal clauses and rules that outline the process and consequences of declaring bankruptcy, including the discharge of debts and the liquidation of assets.

Median Income

The middle value of a set of incomes, dividing the income distribution into two equal groups, with half earning more and half earning less.

Chapter 7

A provision under the U.S. Bankruptcy Code involving the liquidation of a debtor's property to pay off creditors.

Creditors' Meeting

A gathering during bankruptcy proceedings where creditors can question the debtor under oath regarding their finances and the bankruptcy petition.