How did the European single currency evolved?
What will be an ideal response?
The answer is related to the collapse of Bretton Woods and the European Currency reform of 1969-1978. The Werner Report of 1971 establishes three-phase program to lead to the EMU.
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Refer to the table above. Based on this information, we can conclude that Laborland has a ________
A) current account surplus B) current account deficit C) trade surplus D) budget deficit
The difference between inventories and inventory investment is that typically ________
A) the first one is a stock of unfinished or unsold goods; the second one is a flow that indicates productive activity B) the first one denotes the change in holdings of capital; the second one includes most final goods C) the first one is measured at the beginning of the year; the second one is measured at the end of the year D) all of the above E) none of the above
Monetizing the debt has what effect on the economy?
a. slow increase in AS with steady inflation b. rapid increase in AD with an increase in inflation c. rapid increase in AS with a drop in inflation d. decrease in AD with an increase in inflation
Which of the following equations represents the expenditure approach?
a. GDP = C + I + G + (X – M) b. GDP = C – I – G – (X + M) c. GDP = C + I + G x (X – M) d. GDP = C – I + G x (X + M)