Frequent substantial fluctuations in the exchange rate can ____________ international trade with an economy.
a. disrupt
b. stabilize
c. support
d. encourage
a. disrupt
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If in the third quarter of 2016 total investment spending was $4,768 billion and depreciation was $3,292 billion, then net investment was equal to:
A. $1,476 billion. B. $3,292 billion. C. $4,768 billion. D. $8,060 billion.
Classical economists thought that
A. flexible wages and prices were the principal causes of recessions. B. the Great Depression confirmed their view of the business cycle. C. government policies and spending were needed to keep the economy at full employment. D. ?price, wage, and interest rate flexibility can quickly cure any tendencies for a recession.
In the long-run ISLM model and with everything else held constant, the long-run effect of an expansionary fiscal policy is to ________ real output and ________ the interest rate
A) increase; increase B) not change; not change C) increase; not change D) not change; increase
Which of the following is an operating target?
A) M1 B) M2 C) nonborrowed reserves D) the inflation rate