An increase in expected inflation shifts the
a. short-run Phillips curve right.
b. short-run Phillips curve left.
c. long-run Phillips curve right.
d. long-run Phillips curve left.
a
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Everything else held constant, which of the following does NOT cause aggregate demand to increase?
A) an increase in net exports B) an increase in government spending C) an increase in taxes D) an increase in consumer optimism
Under the current managed float exchange rate regime; countries with surpluses in their balance of payments frequently do not want to see their currencies appreciate because it makes their goods ________ expensive abroad and foreign goods ________ in
their countries. A) more; cheaper B) more; costlier C) less; cheaper D) less; costlier
The following are all functions of money except
A) medium of exchange. B) store of value. C) unit of account. D) source of anxiety.
The international unit of accounting used by the IMF is the
A) euro. B) special financial right. C) special drawing right. D) dollar.