If the rate of inflation in the United States exceeds the rate of inflation in Great Britain we would expect the U.S. dollar to depreciate in value against the British pound
Indicate whether the statement is true or false
TRUE
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Monetarists believe that changes in the money stock
a. have an immediate effect on the level of income. b. will always have a persistent impact on output for more than two years. c. do not affect the level of income to any great extent. d. have a persistent impact on output for as long as it takes the expected price level to adjust to the actual price level. e. both b and d.
Using Taylor rule, the federal funds rate is increased or decreased according to what is happening to both real GDP and inflation
a. True b. False Indicate whether the statement is true or false
Who benefits from international trade? Who loses?
As a result of the 2007-2009 financial crisis, which two firms became bank holding companies, allowing them to engage in commercial banking activities?
A) Lehman Brothers and Merrill Lynch B) Freddie Mac and Fannie Mae C) Morgan Stanley and Goldman Sachs D) Enron and WorldCom