If the quantity supplied of euro were greater than the quantity demanded, then the price of the
a. euro would rise.
b. euro would fall.
c. dollar would fall.
d. euro would be in equilibrium.
b
You might also like to view...
Assume the following: M = $500; V = 10; and P = $10. If the money supply then increases by 50 percent while total transactions triple, the new value of the price level will be
a. $10. b. $2.50. c. $7.50. d. $5.
Which of the following would move the economy up and to the left along a short run Phillips Curve? a. Increases in the discount rate and increases in the interest rate the Fed pays on bank reserves
b. Increases in taxes by the federal government combined with reductions in government purchases of goods and services. c. Decreases in the fed funds interest rate target adopted by the Fed. d. An increase in the expected rate of inflation.
Traditional monetarists advocate for a rule for _____________ , while market monetarists argue that monetary policy should focus on a ______________________
A) nominal GDP target; money supply growth B) Real GDP target; nominal GDP target C) money supply growth; Real GDP target D) money supply growth; nominal GDP target
Disposable personal income is
A. the dollar value of all final goods and services produced in a country in a year. B. the amount of monetary payments households actually receive before paying personal income taxes. C. the amount of monetary payments households actually receive after paying personal income taxes. D. the total of factor payments to owners of resources.