With flexible exchange rates, perfect asset substitutability, and perfect capital mobility, expansionary monetary policy will cause
A) income to rise, interest rates to fall, and the domestic currency to depreciate.
B) income to fall, interest rates to rise, and the domestic currency to appreciate.
C) income to rise, interest rates to remain unchanged, and the domestic currency to appreciate.
D) income to rise, interest rates to remain unchanged, and the domestic currency to depreciate.
D
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It has been found that
A. less-developed countries have more equality of income distribution. B. more-developed countries have more equality of income distribution. C. only prior communist countries have more equality of income distribution. D. income distribution cannot be measured among countries with different political and economic systems.
To increase domestic investment, a country must increase its saving
a. True b. False Indicate whether the statement is true or false
Refer to the graph shown.
Which curve represents the firm's derived demand for labor curve?
A. S2 B. S1 C. D D. MRP
Refer to the above figure. Which point or points represent(s) a short-run equilibrium?
A. A only B. B only C. C only D. both A and B