Assumptions about expected national and international macroeconomic variables should play a prominent role in three major business financial documents, which are the:
a. Income statement, balance of payments, and cash flow statement
b. Income statement, balance sheet, and credit report
c. Income statement, balance sheet, and foreign direct investment report
d. Income statement, balance sheet, and cash flow statement
e. Gross national product, inflation, and balance of payments
.D
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The chairman of the Federal Reserve Board of Governors
A) is appointed by the President and confirmed by the Treasury. B) serves a fourteen year term as chairman. C) sits on the Federal Open Market Committee. D) is always the president of the Federal Reserve Bank of New York.
With everything else the same, which of the following would increase the demand for U.S. dollars in the foreign exchange market?
I. a rise in the U.S. interest rate II. a fall in interest rates in foreign countries III. a rise in the expected future exchange rate A) I only B) I and II only C) I and III only D) I, II, and III
A single-price monopoly's demand curve lies
A) below its marginal revenue curve. B) on top of its marginal revenue curve. C) above its marginal revenue curve. D) on top of its total revenue curve.
Which of the following is true?
a. GDP is a "flow" concept. b. The purchase prices of both intermediate goods and final goods are included in GDP. c. GDP measures economic welfare. d. GDP is a measure of changes in the general level of prices.