A country announces capital outflow controls that will take effect in three months. This announcement will likely:
A. result in a significant appreciation of the country's currency.
B. stabilize the country's exchange rate.
C. result in a significant depreciation in the country's currency.
D. attract significant amounts of foreign investors.
Answer: C
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In the figure above, an increase in the quantity of oil supplied but NOT an increase in the supply of oil is shown by a movement from
A) point a to point e. B) point a to point b. C) point a to point c. D) point a to point d.
The most responsive to interest rate changes is the _______ demand for money.
A. transactions B. precautionary C. speculative
Assume the marginal propensity to consume is 0.8. If consumer spending rises by $20 billion, then total income through the multiplier effect will:
a. Will not change b. Decrease by $100 billion c. Increase by $100 billion d. Increase by $10 billion
An economic model is a detailed version of an economic environment.
Answer the following statement true (T) or false (F)