U.S. net unilateral transfers have been positive since World War II, except for 1991, when the U.S. government received sizable transfers from foreign governments to help pay their share of the Persian Gulf War
Indicate whether the statement is true or false
false
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Which of the following statements is true?
A) An overvalued domestic currency encourages exports. B) A country can keep its currency overvalued against the dollar as long as its dollar reserves last. C) A country can keep its currency overvalued against the dollar as long as it can print its own currency. D) An undervalued domestic currency encourages imports.
A decrease in money supply causes the real interest rate to ________ and the price level to ________ in general equilibrium
A) rise; rise B) remain unchanged; fall C) remain unchanged; rise D) fall; fall
An appreciation of Canadian currency means that
a. Canada's exports will become less expensive b. Canada's imports will become more expensive c. Canada's imports will become less expensive d. it now requires more Canadian currency (CDN $) to exchange for one unit of another currency e. it now requires less of other currencies to exchange for a unit of Canadian currency (CDN $)
The Personal Consumption Expenditure Index (PCE) is a
A. price index measuring the changes in prices of all new goods and services produced in the economy. B. statistical measure of a weighted average of prices of commodities that firms produce and sell. C. statistical measure of average prices using annually updated weights based on surveys of consumer spending. D. statistical measure of a weighted average of prices of a specific set of goods and services purchased by wage earners in urban areas.