The direct effect of expansionary monetary policy is to:
A. reduce U.S. imports but increase the value of the dollar.
B. increase both U.S. imports and the value of the dollar.
C. reduce both U.S. imports and the value of the dollar.
D. increase U.S. imports but reduce the value of the dollar.
Answer: D
You might also like to view...
A major cause of environmental degradation in developing countries is
(a) debt for nature swaps. (b) poverty. (c) a lack of public transportation. (d) land reform.
"Capital dilution" refers to ________
A) the flow of investment in the "bathtub model" B) the depreciation of capital associated with an increase in the percentage of younger workers C) the decline in the marginal product of capital that results from reliance on new, inexperienced workers D) the decrease in capital per worker that is a direct consequence of an increase in the number of workers
It's difficult for a private firm to provide a public good because of free riders
a. True b. False Indicate whether the statement is true or false
When using real GDP per capita to measure the standard of living, it is difficult to capture the value of
a. education b. leisure time c. clean environment d. how income is distributed e. all of the above