An economy that experiences a rise in the price level over two consecutive quarters necessarily experiences
A) a recession.
B) deflation.
C) disinflation.
D) none of the above.
D
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Which of the following was a result of the Dodd-Frank Act?
a. restricted bank activities b. established a new consumer protection agency c. tougher regulations for banks d. All of the above
Assume that the expectation of declining housing prices cause households to reduce their demand for new houses and the financing that accompanies it. If the nation has low mobility international capital markets and a flexible exchange rate system, what happens to the quantity of real loanable funds per time period and the nominal value of the domestic currency in the context of the
Three-Sector-Model? a. Real GDP falls, and nominal value of the domestic currency rises. b. Real GDP falls, and nominal value of the domestic currency remains the same. c. Real GDP rises, and nominal value of the domestic currency rises. d. Real GDP falls, and nominal value of the domestic currency falls. e. There is not enough information to determine what happens to these two macroeconomic variables.
The tax on a bottle of wine is a type of ______ tax.
a. gift b. income c. property d. excise
The U.S.'s high trade deficit must be balanced by:
A. high net capital outflows. B. low net capital outflows. C. net capital inflows. D. None of these statements is true.