If investors begin to expect a decrease in the value of the Thai baht vis-à-vis other currencies, their actions will cause
A. the actual depreciation to occur much faster.
B. the Thai baht to appreciate immediately.
C. a decrease in Thai interest rates.
D. a large inflow of foreign capital into Thailand.
Answer: A
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A growth process whereby relatively poorer nations increase their income by taking advantage of knowledge and technologies already invented in other, technologically more advanced countries is referred to as:
A) trade-based growth. B) transfer growth. C) innovative growth. D) catch-up growth.
Which of the following concepts is not included in the study of macroeconomics?
a. The unemployment level b. The inflation rate c. The real income d. The profit-maximizing condition e. The role of government
When the profits or losses that arise as a result of uncertainty regularly go to the people whose decisions led to those profits or losses,
What will be an ideal response?
An upward-sloping yield curve suggests that financial market participants expect short-term interest rates will
A) rise in the future. B) fall in the future. C) be unstable in the future. D) not change in the future. E) be equal to zero in the future.