If the inflation rate in the U.S. is lower than in other countries, this would be expected to
A. increase U.S. exports.
B. reduce U.S. imports.
C. increase the demand for dollars.
D. All of the choices are true.
D. All of the choices are true.
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An increase in the price level real wealth, which causes consumption to
A) raises; decrease B) lowers; increase C) lowers; decrease D) raises; increase
Which one of the following twentieth-century nations eliminated the problem of scarcity?
A) Socialist Cuba B) Socialist China C) Fascist Italy D) The United States of America E) None of the above.
The present value of a fixed-payment loan is calculated as the ________ of the present value of all cash flow payments
A) sum B) difference C) multiple D) log
The ease with which an asset can be converted into a medium of exchange is known as:
a. volatility. b. liquidity. c. currency. d. Gresham's Law. e. speculative exchange.