Changes in floating exchange rates move a country's economy to:
A. a low value for its inflation rate.
B. a zero value for its official settlements balance.
C. its potential real GDP.
D. all of the above.
Answer: B
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Refer to the figure above. Calculate the total surplus in Lithasia under free trade
A) $150 B) $250 C) $325 D) $375
Some economists believe that the financial sector does not channel all saving back into the spending stream. Which of the following financial assets, when held by individuals, does not reenter the spending stream?
A. Loans B. Money C. Bonds D. Stocks
NIPA benchmark revisions are those that
A. are the final revision of the data. B. incorporate changes in seasonal factors. C. affect data back in time, sometimes as long ago as 1947. D. use income-tax information.
__________________ is attained when the maximum possible output of any one good is produced, given the output of other goods.
A. Productive efficiency B. Economic growth C. Opportunity cost D. Employment discrimination