The rate of growth of output per worker in the United States between 1985 and 2014 was approximately equal to which of the following?
A) 1.7%
B) 3.8%
C) 4.8%
D) 5.8%
A
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Other things the same, an increase in the U.S. interest rate causes
a. demand in the market for foreign-currency exchange to increase so the exchange rate increases. b. demand in the market for foreign-currency exchange to decrease so the exchange rate decreases. c. supply in the market for foreign-currency exchange to increase so the exchange rate decreases. d. supply in the market for foreign-currency exchange to decrease so the exchange rate increases.
Why is free trade considered helpful to businesses?
a. It gives consumers more choices. b. It increases competition. c. It opens up wider markets. d. It keeps consumer prices down.
Suppose nominal GDP equaled $10,988 billion while the M2 money supply was $6,063 billion. What was the velocity of the M2 money stock?
A. 0.45 B. 0.55 C. 1.81 D. 2.36
Which of the following defines a flexible exchange rate?
A) An exchange rate determined by the market B) An exchange rate that fluctuates within a set band C) An exchange rate that is not allowed to vary D) An exchange rate that is backed by gold