An example of an international policy externality is
A) the locomotive effect.
B) the liquidity effect.
C) the monetary effect.
D) sterilization.
A
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The exchange rate is
a. the price of one nation's currency in terms of the currency of another nation. b. the amount households will spend on imports. c. the amount of foreign capital a nation receives when there is a trade surplus. d. the amount charged by bankers for loanable funds
The Bureau of Labor Statistics is part of the U.S. Department of
a. the Treasury. b. Commerce. c. Labor. d. the Interior.
Unemployment correlated with the ups and downs of the business cycle is called:
Fill in the blank(s) with the appropriate word(s).
Answer the following questions true (T) or false (F)
1. At a long-run macroeconomic equilibrium, real GDP is always equal to potential GDP. 2. Stagflation occurs when short-run aggregate supply decreases. 3. An increase in government spending will result in an increase in the price level and an increase in real GDP in the long run.