If a contractionary monetary policy lowers the price level by more than expected, it raises the real value of consumer debt. This reduces consumer expenditure through
A) the bank lending channel.
B) Tobin's q.
C) the traditional interest-rate channel.
D) the household liquidity effect.
D
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Two countries engaged in trade in products with no scale economies, produced under conditions of perfect competition, are likely to be engaged in
A) inter-industry trade. B) monopolistic competition. C) intra-industry trade. D) Heckscher-Ohlin trade. E) oligopolistic competition
The part of the balance of payments that records a country's net exports, net investment income, and net transfers is the
A) capital account. B) current account. C) financial account. D) statistical discrepancy account.
Judging from the table of the four types of goods, goods that are rival in consumption would include ______.
a. movie streaming and security system
b. automobiles and rainforest trees
c. highway signs and street lighting
d. street lighting and security system
A managed float exchange rate system is often used to reduce the uncertainty of businesses engaged in importing and exporting.
a. true b. false