Which of the following does NOT explain the extent of trade between Ireland and the U.S.?
A) historical ties
B) cultural Linguistic ties
C) Gravity Model
D) multinational corporations
E) large numbers of Irish-Americans
C
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In the liquidity trap, monetary policy
A) has a large impact on interest rates. B) has a small impact on interest rates. C) has no impact on interest rates. D) has a proportionate impact on interest rates.
The ________ states that exchange rates between any two currencies will adjust to reflect changes in the price levels of the two countries
A) theory of purchasing power parity B) law of one price C) theory of money neutrality D) quantity theory of money
The Great Recession began in ________ and ended in ________.
A. October 2008; December 2011 B. October 2008; June 2009 C. December 2007; June 2009 D. December 2007; December 2011
Which of the following statements is true? 2. If you were to determine net domestic product (NDP) through the expenditures approach, the correct measure of investment spending to use is
1. Which of the following statements is true? A. Gross private domestic investment less depreciation is net private domestic investment. B. Gross private domestic investment divided by depreciation is net private domestic investment. C. Gross private domestic investment plus depreciation is net private domestic investment. D. Net private domestic investment less depreciation is gross private domestic investment. 2. If you were to determine net domestic product (NDP) through the expenditures approach, the correct measure of investment spending to use is A. net private domestic investment because it excludes depreciation. B. net private domestic investment because it includes depreciation. C. gross private domestic investment because it excludes depreciation. D. gross private domestic investment because it includes depreciation.