A monetary aggregate is a measure of
A) the inflation rate.
B) the total economic activity of the country.
C) money broader than currency.
D) definitive money.
C
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What is a currency band?
a. a limit below which the currency is not allowed to fall b. a limit above which the currency is not allowed to rise c. a fixed rate regime with some small variation allowed, up or down d. a very rigid control of the currency-no variation allowed
What is the basic goal of creating and adopting the euro?
A. To reduce the economic inefficiencies of exchanging currencies B. To stabilize the level of prices among nations of the European Union C. To give Europeans more trade protection from businesses in the United States D. To comply with the requirement for admission to the World Trade Organization
If skilled labor is three times the cost of unskilled labor, a profit-maximizing firm will vary the quantity of each type of labor until the
a. marginal product of each is the same. b. amount of unskilled labor used is three times the quantity of skilled labor used. c. amount of unskilled labor used is one-third the quantity of skilled labor used. d. marginal product of unskilled labor is one-third that of skilled labor.
When the government prints more money to finance debt, it is actually creating a situation that could result in
A) lowering foreign spending. B) inflation. C) increasing domestic spending. D) devaluing of the dollar in markets.