One of the goals of monetary policy is to make sure that the inflation rate and the overall rate of growth in the economy are the same.
Answer the following statement true (T) or false (F)
False
There is no need to ensure that the inflation rate and the economic growth rate are the same.
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Government-imposed limits on price movements are likely to
A. increase economic efficiency. B. decrease economic efficiency. C. leave economic efficiency unchanged. D. promote economic growth in the economy.
Which of the following is not included in a nation's balance of payments?
a. Imports and exports of services. b. International interest and dividend earnings. c. International gifts. d. International loans. e. All of the above are included in the balance of payments.
Suppose that Bill budgets exactly $50 each month for fresh shrimp, regardless of whether shrimp is priced at $10 per pound, or is on sale for $4 per pound. Based on this information, Bill's price elasticity of demand is:
a. 0. b. Cannot be determined. c. 1. d. infinite.
Mike, a U.S. citizen, buys $1,000 worth of olives from Greece. By itself this purchase
a. increases U.S. imports by $1,000 and increases U.S. net exports by $1,000. b. increases U.S. imports by $1,000 and decreases U.S. net exports by $1,000. c. increases U.S. exports by $1,000 and increases U.S. net exports by $1,000. d. increases U.S. exports by $1,000 and decreases U.S. net exports by $1,000.