The table below shows data for Indonesia
2009 2010
Real GDP growth rate 4.5 6.0
Inflation rate 4.8 5.7
Assuming the rate of velocity change is constant, the money growth rate in Indonesia was
A) 0.3 percent in 2009.
B) 11.7 percent in 2010.
C) -0.3 percent in 2009.
D) 5.7 percent in 2010.
B
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The belief that having more of something makes you happier but in successively smaller increments is called
A) utilitarianism. B) diminishing marginal utility. C) the benefits-received principle. D) transcendentalism.
Assume the asset market is always in equilibrium. Therefore a fall in Y would result in
A) higher inflation abroad. B) a decreased demand for domestic products. C) a contraction of the money supply. D) a depreciation of the home currency. E) an appreciation of the home currency.
Buyers are able to buy all they want to buy and sellers are able to sell all they want to sell at
a. prices at and above the equilibrium price. b. prices at and below the equilibrium price. c. prices above and below the equilibrium price, but not at the equilibrium price. d. the equilibrium price but not above or below the equilibrium price.
Recessions in Canada and Mexico would cause
a. the U.S. price level and real GDP to rise. b. the U.S. price level and real GDP to fall. c. the U.S. price level to rise and real GDP to fall. d. the U.S. price level to fall and real GDP to rise.