Monetary policy will be
a. less effective the higher the interest elasticity of investment, and thus the steeper the IS schedule.
b. more effective the higher the interest elasticity of investment, and thus the flatter the IS schedule.
c. equally effective regardless of whether or not the interest elasticity of investment is higher or lower, or the IS curve is flatter or steeper.
d. more effective with a vertical IS curve.
B
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Suppose the nominal exchange rate — Canadian dollar per Brazilian real — is constant
If the price level in Brazil rises by four percent, while the price level in Canada rises by eight percent, then the real exchange rate — Brazilian goods for Canadian goods — has ________ by ________ percent. A) declined; one-half B) risen; one-half C) risen; two D) declined; four
A scatterplot allows us
A) to mark peaks and troughs. B) to determine whether a series leads or lags. C) to see the comovement between two time series. D) to determine how persistent a series is.
The National Banking Act of 1863, did which of the following?
(a) Permitted interstate branch banking (b) Created one national central bank in the U.S. (c) Created federally chartered national banks restricted to conducting businesses within a designated state. (d) Created federally chartered national banks open to conducting businesses across states.
If the security guard knows that the shoplifter has been caught before, his best response would be
a. Being watchful b. Sleeping on the job c. Run d. Hide