In 1997–1998, which one of the following countries experienced a sharp depreciation of its currency?
a. Argentina
b. Brazil
c. Thailand
d. Italy
c. Thailand
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If a central bank wishes to raise the foreign-exchange value of its currency, it will
A) buy domestic currency and sell foreign assets. B) sell domestic currency and buy foreign assets. C) attempt to reduce domestic interest rates. D) attempt to raise the domestic price level relative to foreign price levels.
Why is structural unemployment worse in Europe than in the United States?
A. Because of European labor regulations B. Because of European advancements in information technology C. Because of an insufficient European capital stock D. Because of European reliance on foreign energy sources
Since 1970, the highest inflation rate in the U.S. occurred in
A. 1975. B. 1981. C. 1983. D. 1994.
According to rational expectations theory, the cause of observed instability in the private economy would most likely be due to:
A. Changes in aggregate supply B. Inappropriate monetary policy C. The instability of investment spending in the economy D. Unanticipated aggregate demand and aggregate supply shocks in the short run