The introduction of a new currency is generally sufficient to achieve a permanent reduction in the inflation rate
a. True
b. False
Indicate whether the statement is true or false
False
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In January, buyers of gold expect that the price of gold will rise in February. What happens in the gold market in January, holding all else constant?
A) The quantity demanded increases. B) The supply curve shifts to the right. C) The demand curve shifts to the left. D) The demand curve shifts to the right.
Which of the following caused pre-1984 volatility in residential construction?
A) financial regulations B) tax cuts C) currency volatility D) interest rates
Other things the same, an increase in the U.S. real interest rate induces
a. Americans to buy more foreign assets, which increases U.S. net capital outflow. b. Americans to buy more foreign assets, which reduces U.S. net capital outflow. c. foreigners to buy more U.S. assets, which reduces U.S. net capital outflow. d. foreigners to buy more U.S. assets, which increases U.S. net capital outflow.
The country of Old Jersey produces milk and butter, and it has published the following macroeconomic data, where quantities are in gallons and prices are dollars per gallon.
Between Year 1 and Year 2, nominal GDP grew by
A. 60.0%. B. 83.3%. C. 190.0%. D. 65.5%.