Real GDP measures:
A. current output at current prices.
B. current output at base year prices.
C. base year output at current prices.
D. base year output at current exchange rates.
B. current output at base year prices.
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Bonds sales to finance World War II (1941–45)
(a) helped finance the government's current budget deficits. (b) helped finance, manage and eventually pay down the private debts accumulated during World War I (1914–18). (c) were loans the U.S. government made to individuals in its private sector. (d) led to higher interest rates and decreased private spending and investment.
Endogenous variables
A) are correlated with the error term. B) always appear on the LHS of regression functions. C) cannot be regressors. D) are uncorrelated with the error term.
Let if be the interest rate being paid on a foreign bond, and let i be the interest rate being paid for a domestic bond; let P be the price of the domestic bond and let Pf be the price of the foreign bond. If exchanges rates are fixed and the bonds are equal in terms of risk:
A. if = i. B. the expected return from the foreign bond = the expected return from the domestic bond. C. P = Pf times units of domestic currency/unit of foreign currency. D. all of the answers given are correct.
A decrease in the supply of dollars and a decrease in the demand for Indian rupees
A. decreases the rupee price of dollars. B. does not change the exchange rate between dollars and rupees. C. increases the dollar price of rupee. D. decreases the dollar price of rupee.