Which of the following would be counted in U.S. GDP?
a. The salary of an American professor teaching in England
b. The value of a used U.S.-produced car purchased in the U.S.
c. The value of a new U.S.-produced car purchased by a French citizen
d. The value of a new French-produced car purchased by a U.S. citizen within in the U.S.
e. The value of a General Electric corporate bond bought by a Japanese citizen
C
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A bond's price is $80 and the bond pays $8 in interest every year. The bond's interest rate is ________
A) 80 percent B) 10 percent C) 4 percent D) 8 percent E) None of the above are correct.
There is ________ relationship between inflation and central bank independence and ________ relationship between long-run rates of unemployment and central bank independence
A) a negative; no B) a negative; a negative C) a positive; no D) a positive; a negative
Which of the following is an example of active fiscal policy?
A. Income tax revenues rise in an inflationary period. B. Income tax revenues fall in a recession. C. Congress passes a major tax increase in an inflationary period. D. Unemployment benefits increase in a recession.
If a proportion of traded goods (such as oil) are priced in a foreign currency, the real exchange rate becomes:
a. lower. b. higher. c. less responsive to changes in the nominal exchange rate. d. more responsive to changes in the nominal exchange rate.