Speculative attacks against a currency are caused by fears of:
A. monetary policy tightening.
B. exchange rate revaluations.
C. exchange rate devaluations.
D. balance-of-payments surpluses.
Answer: C
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If ________, net exports are negative
A) imports exceed transfer payments B) imports exceed exports C) exports exceed transfer payments D) exports exceed imports
If the labor and capital grow more quickly, then real GDP will
A) not grow fast enough. B) grow more quickly. C) grow more slowly. D) stay fixed at potential GDP.
A rational person can have a negatively-sloped labor supply curve
a. True b. False Indicate whether the statement is true or false
Which of the following equations is correct?
A) rate of growth of per capita real GDP = rate of growth in real GDP - rate of growth of population B) rate of growth of per capita real GDP = rate of growth in real GDP + rate of growth of population C) rate of growth in real GDP = rate of growth of per capita real GDP - rate of growth of population D) rate of growth in real GDP = rate of growth of per capita real GDP + rate of growth of population