In an all-currency economy in which real output and the real interest rate are fixed and the rates of money growth and inflation are constant, the inflation rate equals
A) the real interest rate.
B) the nominal interest rate.
C) the growth rate of the nominal money supply.
D) the level of real seignorage revenue.
C
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Who tends to lose from labor migration?
A. The firms in the country of origin B. The migrant workers C. The firms in the destination country D. The workers in the country of origin who did not migrate
The first English colonies in North America were established by:
a. Sir Humphrey Gilbert. b. Christopher Columbus. c. Capt. John Smith. d. Sir Walter Raleigh.
_______________ have been unable to organize a union in any of the foreign-owned factories owned by Honda, Toyota, and Nissan.
A. The United Autoworkers B. The National Education Association C. The International Brotherhood of Teamsters D. The Service Employees International Union
According to the quantity theory of money, velocity:
A. varies with changes in the growth rate of the money supply. B. varies substantially with changes in the rate of interest and the expected rate of inflation. C. is virtually constant, responding only to changes in the underlying institutional structure. D. is fairly constant, responding only to changes in the expected rate of inflation.