According to the assignment rule, if a country has excessive inflation and a balance of payments surplus, it should ease monetary policy and tighten fiscal policy.
Answer the following statement true (T) or false (F)
True
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An open market purchase by the Fed causes the value of the dollar to
A) rise, increasing net exports. B) fall, reducing net exports. C) rise, reducing net exports. D) fall, increasing net exports.
Suppose you invest $10,000 at 7% interest to be withdrawn by your heirs in 100 years. According to the rule of 70, approximately how much will your heirs be able to withdraw?
A shift in the demand curve to the right represents
A) an increase in demand. B) a decrease in demand. C) an increase in quantity demanded. D) a decrease in quantity demanded.
Which of the following is NOT included using the transactions approach to measuring the money supply (M1)?
A. transaction deposits B. currency C. certificates of deposit D. traveler's checks