The equation of exchange can be written as
A. MsV = PY.
B. MsP = VY.
C. MsY = VP.
D. None of these are correct.
Answer: A
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The above table gives data for the nation of Mojo. At what level of real GDP is the unplanned inventory change equal to $1.75 trillion?
A) $12.0 trillion B) $6.0 trillion C) $9.0 trillion D) $3.0 trillion E) $0.0 trillion
A country is using a beggar-thy-neighbor policy whenever:
A) it uses contractionary monetary policy to attract capital inflows from other countries. B) it devalues its currency to improve its macroeconomic position at the expense of its trading partners. C) it revalues its currency to improve its macroeconomic position and that of its trading partners. D) it cooperates with other countries in establishing its monetary policy.
The specificfactors model is termed a "shortrun" model because:
a. labor cannot move from one activity to another. b. land resources can move from one activity to another . c. labor can move from one activity to another. d. land and capital cannot move from one activity to another .
Since its independence in 1957, Ghana has experienced more than 12 coups d'état that have led to the overthrow of presidents and ministers, and in various cases, the change of political regimes. The textbook calls this situation an example of:
A. political instability. B. corruption. C. overpopulation. D. lack of appropriate institutions.