Ordinary Annuity
What will be an ideal response?
Payment made at end of month
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In an open economy with flexible exchange rates, monetary policy affects consumption and investment by changing the ________ and affects net exports by changing the ________.
A. growth of domestic real GDP; growth of foreign real GDP B. inflation rate; unemployment rate C. real interest rate; exchange rate D. exchange rate; real interest rate
In equilibrium, if both uncovered and covered interest parity hold, what condition should exist?
a. World interest rates will be equal. b. Rates of inflation will equalize. c. The forward rate will equal the expected future spot rate. d. The forward rate will decrease as the spot rate rises.
By free enterprise, we mean that:
A. individuals are free to produce those products that government agencies determine can be produced profitably. B. individual producers determine how to produce, but government agencies determine what will be produced. C. individuals may obtain resources, organize production, and sell the resulting output in any legal way they choose. D. products are provided free to those who cannot afford to buy them.
An international agreement established in 1947 to further world trade by reducing barriers and tariffs is the
A) World Trade Organization. B) European Union. C) General Agreement on Tariffs and Trade. D) North American Free Trade Agreement.