In the monetary small open-economy model with a fixed exchange rate, an increase in the domestic price level has which impact on domestic money demand?
A) It increases it.
B) It decreases it.
C) It has no impact.
D) It depends.
A
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If the monetary policy curve is correct, then policy makers care only about inflation and not at all about aggregate output and unemployment. Comment
What will be an ideal response?
A firm uses ________ for goods which the consumer takes pride in owning
A) price skimming B) prestige pricing C) penetration pricing D) predatory pricing
The maple-syrup production industry was severely affected by a devastating ice storm in January 1998 . Quebec, which produces 75 percent of the world's maple syrup, and northern Vermont and western Maine suffered catastrophic damage to their maple
trees. These trees will take years to recover. Explain how this storm will affect each of the following markets: a . maple syrup market b. market for Hungry Jack brand breakfast syrup (a corn syrup based product substitute) c. market for Sue Bee brand honey d. market for Eggo brand waffles
Suppose there are 81.0 million people not in the labor force, 154.0 million in the civilian labor force, and 140.9 million employed. Based on these numbers, what is the unemployment rate?
A. 5.5 percent B. 8.5 percent C. 9.3 percent D. 13.1 percent