Going from a closed to an open economy ________ macroeconomic policymaking, especially now that exchange rates are ________
A) complicates, flexible
B) complicates, fixed
C) simplifies, flexible
D) simplifies, fixed
A
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
Refer to Figure 18-1. The French fall in love with California wines and triple their purchases of this beverage. Assuming all else remains constant, this would be represented as a movement from
A) B to C. B) C to D. C) A to B. D) A to D. E) B to A.
When expected inflation increases, for any given nominal interest rate the:
A. real interest rate increases. B. cost of borrowing decreases and the desire to borrow increases. C. cost of borrowing increases and the desire to borrow decreases. D. bond supply curve shifts to the left.
Which of the following is true about transactional relationships?
a. They are cost driven and arm's length b. They are vital to profitability c. They need and expect efficient service d. They do not have resources to waste with inefficient transactions, processes, processes, or partners e. All of the above