Goods x and y are available to Jeff. At Jeff's optimum, the marginal utility per dollar spent on good x equals __________________
Fill in the blank(s) with correct word
the marginal utility per dollar spent on good y.
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Bank deposits denominated in Mexican pesos are an example of foreign exchange
a. True b. False
Assume that the expectation of declining housing prices cause households to reduce their demand for new houses and the financing that accompanies it. If the nation has low mobility international capital markets and a flexible exchange rate system, what happens to the quantity of real loanable funds per time period and current international transactions in the context of the Three-Sector-Model?
a. The quantity of real loanable funds per time period falls, and current international transactions become more positive (or less negative). b. The quantity of real loanable funds per time period rises, and current international transactions become more negative (or less positive). c. The quantity of real loanable funds per time period and current international transactions remain the same. d. The quantity of real loanable funds per time period rises, and current international transactions remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.
The precautionary demand for money is:
(a) An active balance. (b) Directly related to interest rates. (c) Negatively related to income. (d) An idle balance
Which of the following is eliminated when output equals full-employment GDP?
A. Cyclical unemployment. B. Demand-pull inflation. C. Net exports. D. The need for autonomous consumption.