One conceptual problem in assigning assets to M1, M2, etc. is
a. distinguishing money from "near monies."
b. the problem of measuring asset size.
c. the need to agree on a unit of account.
d. the different size of financial assets.
a
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Suppose the GDP deflator in the United States is 125 and the GDP deflator in Japan is 100. Also assume the United States has trade barriers on Japanese goods in the form of quotas
What does this imply about the exchange rate of yen per dollar under the theory of purchasing power parity in the long run? A) The exchange rate of yen per dollar will be equal to 1.25. B) The exchange rate of yen per dollar will be greater than 0.8. C) The exchange rate of yen per dollar will be less than 0.8. D) The exchange rate of yen per dollar will be equal to 0.8.
The sum of all the goods and services produced by an economy over a given time period is known as its
a. total wealth. b. functional distribution. c. total capital. d. total product.
Which type of analyst should generally outperform market index according to the Efficient Markets Hypothesis?
A) technical analysts B) fundamental analysts C) those that follow the random walk D) none of the above
When a firm practices perfect price discrimination,
a. Consumer surplus is maximized b. Producer surplus is minimized c. Producer surplus is maximized d. None of the above