Assuming a long-run aggregate supply curve, an increase in the money supply results in ________ in output and ________ in price level
A) an increase; no change B) a decrease; no change
C) a decrease; a decrease D) no change; an increase
D
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How are the following transactions entered into the U.S. balance of payments?
(a) The U.S. government sends $2,000 worth of food aid to Africa. (b) A U.S. firm exports $10,000 worth of goods to the United Kingdom, payable in 3 months. (c) A U.S. tourist in Amsterdam spends $200 for food and hotels.
The mechanism behind the inflation insulation provided by a floating exchange rate is
A) Purchasing Power Parity. B) a fixed AA curve. C) market speculation. D) tight monetary policy. E) symmetry.
Most banks in the United States are owned by the government and operate as nonprofit institutions
a. True b. False Indicate whether the statement is true or false
What effect does the payment of government unemployment insurance have on the unemployment rate?
What will be an ideal response?