Under a fixed exchange standard, if the domestic demand for foreign exchange increases,
A) the central monetary authority must meet the demand out of its reserves.
B) the central monetary authority must increase the supply of domestic money.
C) the fixed exchange standard will breakdown.
D) inflation will increase.
A
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In the United States, over the past 50 years the total labor force participation rate
A) has increased. B) has decreased. C) has remained more or less constant. D) has fluctuated substantially. E) first decreased slightly and then increased significantly.
A share of Apple stock has a price of $430 and gives $43 of Apple profit to its owner. The interest rate on this share is
A) 10 percent. B) $430. C) 15.4 percent D) $43.
Suppose that Federal Reserve policy leads to higher interest rates in the United States
How will this policy affect real GDP in the short run if the United States is a closed economy, and how will it affect real GDP in the short run if the United States is an open economy?
To restrict a wilderness area in the public domain to a particular group in the general public, say the motorists or snowmobilers of today, is
(a) democratic. (b) consistent with Thomas Jefferson's view on federal ownership of land. (c) undemocratic. (d) non-discriminatory.