The major effects of a change in monetary policy on growth in the overall production of goods and services usually are felt within ______.
a. one month to six months
b. two month to one year
c. three months to two years
d. one year to three years
c. three months to two years
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U.S. imports ________.
A. increase the foreign demand for foreign currencies B. increase the domestic supply of foreign currencies C. decrease the foreign supply of foreign currencies D. increase the domestic demand for foreign currencies
If an individual can produce a good or service with a lower opportunity cost than another individual, then he or she is said to have the comparative advantage
a. True b. False Indicate whether the statement is true or false
After a depreciation of the home currency, what is the situation with a nation's external wealth?
A) It will rise if external liabilities exceed external assets. B) It will fall if external liabilities exceed external assets. C) It will rise if domestic liabilities exceed domestic assets. D) It will fall if domestic liabilities exceed domestic assets.
Why do economists and policymakers track changes in the? U-6 measure of the unemployment? rate?
What will be an ideal response?