Which of the following would you expect to increase both interest rates and exchange rates?
A) expansionary monetary policy
B) contractionary monetary policy
C) expansionary fiscal policy
D) Both B and C will increase both interest rates and exchange rates.
D
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Players in all of the following games have no dominant strategy except in
A) a prisoner's dilemma game. B) a pure coordination game. C) an assurance game. D) a battle of the sexes game.
Refer to above figure. The monopolist can export as much as it likes of its steel at the world price of $5/ton. How much steel will the monopolist sell, and at what price?
What will be an ideal response?
When central planners in a command economy end up having a huge surplus of shoes and widespread shortages of bread in their economy, they have failed to attain:
A. Productive efficiency B. Allocative efficiency C. Minimum opportunity costs D. Maximum process and revenues
Refer to the data below. What is the price elasticity of demand over the range of $8 to $10?
A. 0.11
B. 0.47
C. 1.93
D. 1.43