If individuals do not hold currency, we know that
A) M = D.
B) H = R.
C) the money multiplier is 1/?.
D) all of the above
D
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Appreciation of the Japanese yen would lead to
A. outward shift in the aggregate supply curve for Japan. B. upward shift in the aggregate demand curve for Japan. C. downward shift in the aggregate supply curve for Japan. D. downward shift in the aggregate demand curve for Japan.
The outlet substitution bias is most likely to put ________ and so ________ the inflation rate
A) a downward bias into the CPI; overstate B) no bias into the CPI because it is such a small effect; have no effect on C) a downward bias into the CPI; understate D) an upward bias into the CPI; overstate E) an upward bias into the CPI; understate
Use a figure to show the effect of a sterilized central bank purchase of foreign assets under the imperfect asset substitutability assumption
What will be an ideal response?
The MRP is the additional ___________ obtained by using one more unit of input.
Fill in the blank(s) with the appropriate word(s).