What are the main lessons economists learned from the developing country crisis?
What will be an ideal response?
(1 ) Choosing the right exchange rate regime
(2 ) The central importance of sound banking system
(3 ) The proper sequence of reform measures
(4 ) The importance of contagion
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Based on the above table, if the current price level is 100 and the unemployment rate is 4 percent, then the
A) expected inflation rate is 8 percent. B) inflation rate is 2.8 percent. C) expected inflation rate is 2.8 percent. D) inflation rate is 8 percent. E) inflation rate is 108 percent.
In the graph of the Solow growth model, at any point to the right of the steady-state intersection we have national saving per person ________ than steady-state investment per person, causing (K/N) to ________
A) greater, increase B) greater, decrease C) less, increase D) less, decrease
When the slope of the total production curve steepens, it means:
A. the marginal product must be increasing. B. the marginal product must be decreasing. C. diminishing marginal product must hold. D. None of these is true.
Choose the letter of the diagram in Figure 16.1 that monetarists would use to illustrate the effect of an increase in the quantity of money on the economy.
A. a. B. b. C. c. D. d.