In the demand and supply analysis of ___________ markets, the “price” is the rate of return or the interest rate received.
a. financial
b. retail
c. industrial
d. agricultural
a. financial
In the demand and supply analysis of financial markets, the “price” is the rate of return or the interest rate received.
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Refer to Table 2.4. The GDP deflator for 2011 is
A) 86.5. B) 115.6. C) 135.1. D) 156.3.
Which of the following is not a valid criticism of discretionary fiscal policy? a. The implementation of fiscal policy is sometimes difficult
b. Time lags in fiscal policy are long. c. Fiscal policy works only during periods of stagflation. d. Fiscal policy often affects only current income, but many economic decisions are made on the basis of permanent income. e. Fiscal policy might have undesirable long-term effects on aggregate supply.
Which of the following summarizes the transactions involving the international exchange of goods and services, transfers, military transactions, and other miscellaneous transactions?
A. Capital account B. Balance of trade C. Statistical discrepancy D. Current account
Suppose, for whatever reason, the trade deficit of the United States with Europe is projected to grow and that before this happens the exchange rate between the euro and the dollar is .75 euros/dollar. The resulting exchange rate would likely
A. cause the exchange rate to have to be expressed in dollars per euro (because the other way would no longer make sense). B. rise to (perhaps) .9 euros/dollar. C. fall to (perhaps) .6 euros/dollar. D. remain unchanged.