If the dollar depreciates, the U.S. AD curve shifts _______________, the U.S. SRAS curve shifts __________________, and the price level will _________________________
A) rightward; leftward; increase
B) rightward; leftward; decrease
C) leftward; rightward; increase
D) leftward; rightward; decrease
A
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Money in the U.S. is essentially debt of
A. the national and local governments. B. businesses and the banks. C. the Federal Reserve System and the banks. D. businesses and the Federal Reserve System.
A currency drain occurs because people want to hold some of their money as currency rather than as deposits
Indicate whether the statement is true or false
Refer to Table 8-17. What is real GDP in 2016, using 2011 as the base year?
A) $3,320 B) $3,690 C) $6,360 D) $7,035
Generally,
A) countries with the most independent central banks have the lowest inflation rates. B) countries with the least independent central banks have the lowest inflation rates. C) countries without central banks have the lowest inflation rates. D) the degree of independence of a country's central banks has little to do with its inflation rate.