When the rate of appreciation of the nominal exchange rate equals the foreign inflation rate minus the domestic inflation rate, we say there is
A) relative purchasing power parity.
B) purchasing power parity.
C) a Phillips curve.
D) an aggregate supply shock.
A
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The key official definition of the money supply is
A) only coins and paper currency in circulation. B) M2. C) only transactions deposits at banks. D) MZM.
While it can be hard to measure, when it comes to education, _______________ around the world.
a. the psychic cost is high b. the level of suspicion is increasing c. the social rate of return is positive d. the purely private benefits outweigh the social benefits
Of the emerging changes in the field of international relations, which is the most far-reaching and critical one?
a. increasing gaps in wealth b. erosion of American power c. role of the sovereign state d. spread of democracy
Markets, viewed from the perspective of the supply and demand model:
A. assume many buyers and many sellers of a standardized product. B. assume market power so that buyers and sellers bargain with one another. C. do not exist in the real-world economy. D. are approximated by markets in which a single seller determines price.