Which of the following would suggest that monetary policy is restrictive?
a. falling commodity prices
b. depreciation of the foreign exchange value of the dollar
c. a rising M1 money supply
d. an increase in the rate of inflation
A
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The financial crisis that started in 2007 was unusual because it started in an advanced economy, the United States
Indicate whether the statement is true or false
Compared to the no-trade situation, if the United States imports video games,
a. the price of video games will decline in the domestic market. b. domestic video game producers will be able to charge higher prices. c. domestic video game producers will expand both output and employment. d. U.S. consumers will be harmed.
In the expansion phase of a business cycle:
a. The inflation rate decreases, but productive capacity increases b. Employment increases, but output decreases c. Employment and output increase d. The inflation rate and productive capacity decrease
The present value of $1,000 to be received one year from now
A. is always $1,100. B. is always $1,000. C. is always $900. D. cannot be determined without knowing the interest rate.