When exchange rates are fixed, a temporary expansion in the money supply will:
A) increase output.
B) leave output unchanged.
C) lower output.
D) increase the exchange rate.
Ans: B) leave output unchanged.
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What best determines the price a price searcher will charge?
A) Reputation B) Demand C) Revenue D) Cost
A natural monopoly, such as the local telephone company, is characterized by
a. a lack of natural competitors b. low fixed costs and diseconomies of scale c. economies of scale d. a lack of government regulation e. constant costs of production
The marginal rate of return on investment is equal to capital's
a. MRC ? MRP/2 b. MRC/MRP c. MRP/MRC d. MRC ? MRP/2 e. MRC ? MRP ? the interest rate
Which of the following combinations is plausible, as it relates to a nation's balance of payments?
A. Current account = $+40 billion; capital account = $+20 billion; financial account = $-50 billion. B. Current account = $-50 billion; capital account = $+20 billion; financial account = $+30 billion. C. Current account = $+10 billion; capital account = $+40 billion; financial account = $+50 billion. D. Current account = $+30 billion; capital account = $-20 billion; financial account = $-50 billion.