What is the nature of the trilemma that is encountered when choosing monetary arrangements?
A) Only two of the three aspects of internal and external balance can be accommodated simultaneously.
B) Only three of the four aspects of internal and external balance can be accommodated simultaneously.
C) Only one of the three aspects of internal and external balance can be accommodated simultaneously.
D) Only two of the four aspects of internal and external balance can be accommodated simultaneously.
E) Only one of the four aspects of internal and external balance can be accommodated simultaneously.
A
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Is the developing world moving toward centralized planning or free markets? Justify your answer
What will be an ideal response?
If the interest rate rises, the present discounted value of a stream of payments owed in the future:
a. rises. b. stays constant. c. falls. d. may rise or fall depending on the shape of the stream.
The total revenue is the
a. (change in price) × (change in output) b. (price) × (change in output) c. (change in price) × (output) d. (price) × (output) e. (change in marginal revenue) × (price)
The expenditure approach to GDP accounting includes spending on
a. consumption, investment, durable goods, and exports b. consumption, gross private domestic investment, government spending for goods and services, and exports c. consumption, gross private domestic investment, government spending for goods and services, and net exports d. consumption, net private domestic investment, government spending for goods and services, and net exports e. consumption, gross private domestic investment, all government spending including transfer payments, and net exports