The value of an item expressed in today's dollars is known as
A. the real value.
B. inflation.
C. deflation.
D. the nominal value.
Answer: D
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How is the impact of expansionary fiscal policy different in an open economy than in a closed economy?
What will be an ideal response?
Most macroeconomists believe that both fiscal and monetary policy can shift aggregate demand and that such interventions can be counterproductive
a. True b. False Indicate whether the statement is true or false
If the interest rate at which you can lend funds is r percent per year, then the present value of Y dollars to be received next year is
a. (1 + r)Y b. Y / r c. Y d. Y - r e. Y / (1 + r)
As a result of a tariff, domestic consumers buy
a. fewer units at a higher price. b. fewer units at a lower price. c. more units at a lower price. d. more units at a higher price.