Which of the following is not a reason for changes in exchange rates
a. purchasing power parity
b. strong economic growth
c. the gold standard
d. speculation
Answer: a. purchasing power parity
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Spending VCU4 on real-world goods and services causes the nation's:
a. Monetary base to fall. b. M2 money supply to fall. c. M2 money multiplier to fall. d. Monetary base to remain the same.
The gross domestic product (GDP) is calculated each year in the United States to determine
A. the level of exports. B. the health of the economy. C. whether income taxes should be lowered or raised. D. how much money should be printed during the year.
In the United States there is evidence of:
A. increasing was equality. B. a decline in real wages. C. a decrease in the proportion of the population over the age of 16 that is employed. D. increasing wage inequality.
When supply increases and at the same time demand decreases, we
A. can predict that both equilibrium price and quantity will decrease. B. cannot predict equilibrium quantity, but know that equilibrium price will decrease. C. can predict that both equilibrium price and quantity will increase. D. cannot predict the change in either the equilibrium quantity or equilibrium price.