Hypothetical Data for Nation X in Billions of Local Currency
Refer to the above table. Nation X has a balance of trade
A. surplus of 10 billions.
B. deficit of 50 billions.
C. surplus of 50 billions.
D. deficit of 10 billions.
Answer: B
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In July 2014, the CPI inflation rate was 0.3 percent while the core CPI inflation rate was 0.1 percent. The difference between these two measurements of inflation indicates
A) prices for food and fuel were increasing more rapidly than prices for other goods. B) prices for food and fuel were increasing less rapidly than prices for other goods. C) the underlying inflation rate was higher than the overall inflation rate. D) a negative underlying inflation rate.
Ceteris paribus, an increase in consumers' income will result in: a. a decrease in demand for an inferior good
b. an increase in demand for an inferior good. c. a decrease in the quantity supplied of an inferior good. d. an increase in the quantity supplied of an inferior good.
Refer to the graph shown. From 1938 to 1943 the Federal deficit rose from $1.0 billion to $53.8 billion due to increased defense spending. The effect of this on the AD curve can be shown by a movement from:
A. A to B. B. A to C. C. A to D. D. B to A.
Monetary policy will be ineffective if
A. Investors have favorable expectations for future sales. B. Interest rates are sensitive to the quantity of money supplied, and investment spending is sensitive to changes in the interest rate. C. The demand for money is very sensitive to changes in the interest rate, but the investment demand is not. D. The demand for money and investment demand are both very sensitive to changes in the interest rate.