Laws and government actions designed to prevent monopoly and promote competition are the focus of:
A. social regulation.
B. incomes policy.
C. antitrust policy.
D. industrial regulation.
Answer: C
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Explain when a country would face a balance of payments deficit and when it would face a balance of payments surplus if it was operating under a fixed exchange rate system
What will be an ideal response?
Attacking inflation through wage/price controls is part of a
a. orthodox stabilization strategy b. response to inertial inflation c. strategy supported by the International Monetary Fund d. response to rapid money supply growth e. none of the above
Which of the following describes the correct relationship among the nominal interest rate, the real interest rate, and the inflation rate?
a. Real interest rate = nominal interest rate + inflation rate b. Real interest rate = nominal interest rate - inflation rate c. Nominal interest rate = real interest rate - inflation rate d. Inflation rate = real interest rate - nominal interest rate e. Inflation rate = nominal interest rate + real interest rate
If the real rate of return is 5 percent, and the inflation rate is 2 percent, then the nominal interest rate must be:
A. 7 percent. B. ?7 percent. C. ?3 percent. D. 3 percent.