Purchasing power parity is defined as
A) an equal value of money across currencies.
B) a currency whose value rises.
C) an equal value of interest rates across currencies.
D) a currency whose value falls.
E) a constant value for a currency.
A
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Game theory is an especially useful model for analysis in the following types of markets:
a. perfect competition. b. monopolistic competition. c. oligopoly. d. monopoly.
A demand schedule is a table showing how the ____ of some product during a specified period of time changes as ____ changes, holding all other determinants of quantity demanded constant
a. demand; the price of its complement b. demand; the quantity supplied c. quantity demanded; the price of its substitute d. quantity demanded; the price of that product
One piece of evidence that business fluctuations are caused by demand-side changes would be that
A. monetary and fiscal policy will move inversely. B. interest rates and budget deficits will move inversely. C. unemployment and inflation will move inversely. D. unemployment and budget deficits will move inversely.
In September 2010, the NBER's Business Cycle Dating Committee decided that the recession that began in December of 2007 had ended and that the lowest point of production was July of 2009. The NBER does not use a popular definition of recession-two quarters of falling GDP-but looks at a variety of monthly statistics to date business cycles.What is the NBER?
A. National Board of Economic Recovery, part of the Department of Commerce B. National Budget Estimation Review, part of the Congressional Budget Office C. National Business Education Roundtable, part of the Federal Reserve D. National Bureau of Economic Research, a nonprofit, private organization