Should European nations which are not currently using the euro choose to adopt the euro as their currency, these countries would risk giving up the ability to use ________ to stabilize their economies in the event of a recession
A) contractionary fiscal policy B) expansionary monetary policy
C) expansionary fiscal policy D) contractionary monetary policy
B
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The World Bank makes loans primarily to
A) nations without free markets, such as North Korea. B) developing nations. C) the United States. D) highly developed nations.
Good current economic conditions incent people to save _______, and a good outlook on future economic conditions incent people to save _________.
A. more; less B. more; more C. less; more D. less; less
The growth rate of potential GDP is the sum of two other growth rates. These other growth rates are
a. population and resource base. b. goods output and services output. c. labor input and labor hours worked. d. labor input and labor productivity.
The nominal, effective exchange rate is the:
a. Nominal, effective exchange rate adjusted for a nation's price level relative to many foreign countries' prices. b. Value of one currency in terms of another currency. c. Weighted-average value of a currency relative to many foreign currencies. d. Nominal, bilateral exchange rate adjusted for the international price levels of the two countries.