When protection is encouraged to protect a growing domestic industry; which of the following is being used?
A) Anti-dumping argument
B) Save domestic jobs argument
C) National security argument
D) Infant-industry argument
E) Diversity and stability argument
D
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The price of a consol equals the coupon payment
A) times the interest rate. B) plus the interest rate. C) minus the interest rate. D) divided by the interest rate.
Which of the following had resulted from the Smithsonian agreement of 1971?
a. Devaluation of the U.S. dollar b. Dissolution of a fixed exchange rate regime c. Appreciation of the U.S. dollar d. Establishment of an equilibrium exchange rate e. Laissez-faire in the foreign exchange market
Refer to the information provided in Figure 8.4 below to answer the question(s) that follow. 
Figure 8.4 Refer to Figure 8.4. If three microwave ovens are produced, Micro Oven's total variable costs are
A. $150. B. $200. C. $300. D. $500.
Suppose the reserve-deposit ratio is res = 0.5 - 2 i,where i is the nominal interest rate. The currency-deposit ratio is 0.2 and the monetary base equals 100. The real quantity of money demanded is given by the money demand function L(Y, i) = 0.5Y - 10 i,where Y is real output. Currently the real interest rate is 5% and the economy expects an inflation rate of 5%. Assume the price level P is equal to 1.(a)Calculate the money multiplier.(b)Calculate the reserve-deposit ratio.(c)Calculate the money supply.(d)Calculate the value of output Y that clears the asset market.
What will be an ideal response?