At E1, what is the value of the U.S. dollar?
a. less than 1.00 euro
b. 1.50 euro
c. 1.90 euro
d. greater than 1.90 euro
a. less than 1.00 euro
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________ would be the source of a "real" business cycle
A) Unanticipated changes in monetary policy B) Anticipated changes in monetary policy C) Technology shocks D) all of the above
If the asset market is to remain in equilibrium, then if the money supply increases, output is unchanged, the price level is unchanged, and the expected inflation rate is unchanged, then
A) the real interest rate must rise. B) the real interest rate must decline. C) the nominal interest rate must rise. D) the inflation rate must rise.
To an economist, the word 'marginal' means:
A) total. B) average. C) next or additional. D) sunk. E) none of these choices.
On which of the following types of unemployment do macroeconomic tools have the greatest effect?
a. Structural unemployment. b. Cyclical unemployment. c. All the above. d. None of the above e. Frictional unemployment