The two main determinants of money demand are
A) GDP and the money supply.
B) aggregate supply and aggregate demand.
C) interest rates and income.
D) the inflation rate and the money supply.
C
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The U.S. macroeconomic experience of the early to mid-1980s is an example of how
A) reducing inflation comes at the cost of a permanent reduction in real GDP. B) reducing inflation comes at the cost of a temporary reduction in real GDP. C) reducing inflation can be done costless by simply increasing the money growth rate. D) increasing the money growth rate affects inflation alone, and not real GDP.
If a developing country has sufficient reserves, the buying and selling of foreign currency by the central bank is:
A. likely to have a much smaller impact on the exchange rate than in developed countries. B. completely ineffective on the exchange rate. C. likely to have a much greater impact on the exchange rate than in developed countries. D. likely to have roughly the same impact on the exchange rate as in developed countries.
Most economists support open trade because it increase our choices as consumers, lowers costs for producers, increases competition and innovation, and leads to greater diffusion of technological change
Indicate whether the statement is true or false
The civilian labor force includes
A) The number of people in the Armed Services. B) The number of employed persons. C) The number of employed and unemployed persons in the economy. D) None of the above.