Economic experience since 1973 indicate that, under floating exchange rates
A) large and persistent departures from external balance were not prevented.
B) large and persistent departures from external balance were prevented.
C) changes in exchange rates failed to act as automatic stabilizers.
D) reduced monetary policy autonomy.
E) monetary policy autonomy was protected.
A
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Most people who live in market-oriented economies would
a. oppose trying to block better products that lower the cost of services. b. support trying to block better products that lower the cost of services. c. oppose trying to block better products that lower the cost of labor. d. support trying to block better products that lower the cost of labor.
What is the economic rule for the efficient amount of pollution?
What will be an ideal response?
Answer the following statements true (T) or false (F)
1) Permanent tax reductions are more likely to be expansionary than temporary tax reductions. 2) As measured by the cyclically adjusted budget, the U.S. government engaged in a contractionary fiscal policy in 2005 and 2006. 3) Financing wartime expenditures by increasing internally held public debt permits a nation to defer a part of the economic cost of war. 4) It is more meaningful economically to measure the public debt relative to the GDP than to measure it in absolute terms.
Cigarettes served as money in some prisoner of war (POW) camps during World War II. Given this, we would expect to observe
A) no one ever smoking a cigarette. B) prices of other goods expressed in terms of cigarettes. C) only government-issued cigarettes being accepted as money. D) people usually resorting to barter rather than using cigarettes as money.