Steady-state growth refers to
a. intermediate-run periods.
b. long-run equilibrium growth.
c. output determination in the short run.
d. None of the above
B
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Regulation Q
A) prohibited interstate banking. B) placed ceilings on allowable interest rates on time and savings deposits. C) required all banks to hold reserves against demand deposits. D) broadened the basis on which the Fed could make discount loans.
Under a fixed exchange rate system, the exchange rate
a. is equal to one. b. fluctuates as the price of gold fluctuates. c. is fixed and interest rates must vary in response to balance of payment movements. d. can periodically change as economic conditions change.
In the circular flow model, the source of the factors of production used to create goods and services is the
a. product market b. resource market c. firms d. households e. exchange market
The real exchange rate measures the
a. price of domestic currency relative to foreign currency. b. price of domestic goods relative to the price of foreign goods. c. rate of domestic and foreign interest. d. None of the above is correct.