The sequence of events following a contractionary monetary policy would be higher interest rates followed by dollar
a. depreciation, higher exports, and lower imports.
b. depreciation, lower exports, and higher imports.
c. appreciation, lower exports, and higher imports.
d. appreciation, higher exports, and lower imports.
c
You might also like to view...
The second phase of the Industrial Revolution
A. began in the early 1980s with the development of computers and the internet. B. started in Europe with the railroad industry. C. launched the "information age". D. started in America in the 1920s with the mass production of cars and electrical machinery.
Suppose on any given day there is an excess demand of reserves in the federal funds market
If the Federal Reserve wishes to keep the federal funds rate at its current level, then the appropriate action for the Federal Reserve to take is a ________ open market ________, everything else held constant. A) defensive; sale B) defensive; purchase C) dynamic; sale D) dynamic; purchase
The deviation of unemployment from its natural rate is called cyclical unemployment
a. True b. False Indicate whether the statement is true or false
Most academic studies show that Head Start benefits
A. are suspect due to the inability to test young children. B. slowly evaporate over two or three years and are not seen in testing of high school age children. C. don't exist at all, even for the children in the program. D. can be observed to last well beyond graduation from college.