The monetary policy strategy that results in the loss of an independent monetary policy is
A) exchange-rate targeting.
B) monetary targeting.
C) inflation targeting.
D) the implicit nominal anchor.
A
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Which of the following is likely to shift the demand curve for coffee workers to the left, assuming all else equal?
A) An increase in the wage rate B) A decrease in the wage rate C) A decrease in the price of coffee D) An increase in the price of coffee
Define X = exports, M = imports, S = saving, I = investment, T = net taxes, G = government expenditure. Which of the following formulas is correct?
A) X - M = S - I - T - G B) X - M = S - I + T - G C) X - M = S + I + T - G D) X - M = S + I -T + G E) X - M = S + I +T + G
The substitution effect causes a consumer to buy less of a product when the price increases because the
What will be an ideal response?
The vicious-circle-of-poverty hypothesis states that poor countries
A. cannot develop because their economic policies are ineffective. B. cannot develop because people don't consume due to lack of goods and services. C. are unable to save and invest enough to accumulate capital stock that would help them grow. D. cannot develop because they lack the ability to educate their workers.