Which of the following is true of the crises witnessed by the southeast Asian countries in the 1990s?
a. The crises were sparked by the conversion from a fixed exchange rate regime to a flexible exchange rate regime.
b. The crises occurred because among all countries, Malaysia owed the maximum short-term debt to foreigners.
c. The consumption of petroleum products grew at an uncontrolled rate in Indonesia.
d. Indonesia was the only country that owed a substantial long-term debt to the US.
e. The stock prices dropped by 26 percent in Korea and by 57 percent in Malaysia.
e
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In a closed economy
A) I = Y - C - G. B) I = Y + C - G. C) I = Y + C + G. D) I = Y - C + G.
A decrease in individual income taxes ________ disposable income, which ________ consumption spending
A) decreases; increases B) increases; increases C) increases; decreases D) decreases; decreases
It is generally agreed that when the rate of monetary growth exceeds the rate of growth in real GDP in the long run
A. the inflation rate will increase every year by a constant rate. B. real GDP will grow at a faster rate. C. the average price level will tend to decrease over time. D. the average price level will tend to increase over time.
There is _____ relationship between the rise in real wages and the rise in productivity.
A. a strong B. a weak C. no