For advanced nations, the average annual rate of growth of real per capital GDP
A. has shown random patterns since 1981.
B. was lower during the 1981-1999 period than during the 2000-2020 period.
C. was roughly the same between the 1981-1999 period and the 2000-2020 period.
D. was higher during the 1981-1999 period than during the 2000-2020 period.
Answer: D
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Which of the following institutions is the most important participant in foreign currency markets?
A) A retail customer B) A commercial bank C) A foreign exchange broker D) A central bank E) None of the above.
We infer the distribution of income from the distribution of abilities
Indicate whether the statement is true or false
Critics of the Keynesian view argue that increases in government spending financed by borrowing will hamper the recovery from a recession and slow long term growth because
a. more spending and debt will lead to higher future taxes to cover the cost of government and the interest on the debt. b. government spending is directed by political forces, rather than efficient cost-revenue comparisons. c. more political spending will lead to more wasteful rent-seeking activities and less production of goods and services that people value. d. All of the above are true.
There is evidence that the rate at which money changed hands rose during the German hyperinflation. This means that
a. velocity rose. If monetary neutrality holds the rise in velocity increased the ratio M/P. b. velocity rose. If monetary neutrality holds the rise in velocity decreased the ratio M/P. c. velocity fell. If monetary neutrality holds the fall in velocity increased the ratio M/P. d. velocity fell. If monetary neutrality holds the fall in velocity decreased the ratio M/P.