Foreign currency market trading volume in 2016 was estimated to be approximately $3 billion per day.
Answer the following statement true (T) or false (F)
False
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Expansionary monetary policy to prevent real GDP from falling below potential real GDP would cause the inflation rate to be relatively ________ and real GDP to be relatively ________
A) lower; higher B) higher; higher C) lower; lower D) higher; lower
Suppose the labor market and all output markets are perfectly competitive. When the labor market is in equilibrium, the wage rate will:
A) be less than the marginal revenue product of labor. B) equal the marginal revenue product of labor. C) be greater than the marginal revenue product of labor. D) None of the above is necessarily correct.
Macroeconomics deals with
A) aggregates within the economy. B) specific sectors within the economy. C) the retail industry only. D) decisions made by firms.
An increase in nominal income will result in:
a. a decrease in money market equilibrium. b. an excess demand for bonds. c. an increase in bond prices. d. an excess supply of money. e. a higher interest rate.