Adhering to a strict gold standard necessarily means that
a. each nation can vary its money supply in response to domestic economic conditions.
b. no country will experience inflation.
c. no country will have control over its monetary policy.
d. no country will experience deflation.
c
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Use the following graph to answer the next question.
When output increases from Q1 and the price level decreases from P1, this change will ________.
A. be caused by a shift in the aggregate supply curve from AS1 to AS2 B. result in a movement along the aggregate demand curve from e3 to e1 C. result in a movement along the aggregate demand curve from e1 to e2 D. be caused by a shift in the aggregate supply curve from AS1 to AS3
When a nation's real per capita Gross Domestic Product (GDP) increases, which of the following is TRUE?
A) Every individual in that nation shares in the economic gain. B) A nation must channel most of the economic gains to its poorest citizens. C) Low income people are guaranteed to lose; they never share in their nation's economic gains. D) We don't know who has most benefited from economic growth unless we look at the distribution of income.
The market demand curve for loanable funds represents the demand by
a. domestic firms b. domestic firms and domestic households c. domestic firms, households, and governments d. domestic firms and domestic governments e. domestic firms, households, governments, and the rest of the world
If you are faced with the choice of receiving $500 today or $800 6 years from today, you will be indifferent between the two possibilities if the interest rate is 8.148 percent
a. True b. False Indicate whether the statement is true or false