Both approaches-Keynesian and monetarist-are ways of analyzing
a. aggregate supply.
b. aggregate demand.
c. the average price level.
d. government spending and expenditures.
b
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If the expected future exchange rate rises, the currency's
A) quantity supplied increases. B) supply decreases. C) supply increases. D) exchange rate falls.
When discussing the private capital account, asset flows include all but which one of the following?
A) capital expenditures by domestic firms B) foreign securities purchased by domestic citizens C) changes in the balances of a bank's cash deposit from foreign transactions D) an investment in a foreign subsidiary by a domestic firm
Opportunity cost is best defined as the:
a. sum of all alternatives given up when a choice is made. b. money spent once a choice is made. c. highest-valued alternative given up when a choice is made. d. cost of a good minus the satisfaction obtained from consuming it. e. cost of capital resources used in the production of additional capital.
A combination of a decrease in the discount rate and an increase in reserve requirements would: a. increase the money supply
b. decrease the money supply. c. leave the money supply unchanged. d. have an indeterminate effect on the money supply.