In the last 20 years, which of the following countries has experienced positive economic growth?
A) Russia.
B) Zimbabwe.
C) Haiti.
D) All of the above have seen their economies decline during this period.
A
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Which of the following is a tool used for protectionism?
A) Service tax B) Bank rate C) Tariffs D) Open market operations
We can approximate the real return on an investment by subtracting the inflation rate from the nominal return on the investment
For example, an investment that returns 10% per year while inflation is 4% per year has a real (inflation adjusted) return of approximately 6%. Which of the following outcomes is NOT possible? A) Nominal and real returns are positive B) Nominal return is positive, real return is negative C) Nominal return is negative, real return is positive D) all of these outcomes are possible
Central banks get the purchasing power to buy foreign exchange by:
a. Buying government securities. b. Reducing currency in circulation. c. Increasing their liabilities in the form of deposits from banks. d. Taking loans from the government.
IF a period of substantial inflation, increasing gov. spending would _________
Fill in the blank(s) with the appropriate word(s).