The quantity and quality of ________ of a country are its factor endowments.
A. deficits and surpluses
B. imports and exports
C. labor, land, and natural resources
D. commodity money and fiat money
Answer: C
You might also like to view...
If $1 equals 2 euros, then 1 euro equals
a. $4.00 b. $2.00 c. $0.50 d. $1.00 e. $0.25
Elasticity of investment measures the responsiveness of
A) interest rates to changes in investment. B) investment to changes in government spending. C) investment to changes in the interest rate. D) investment to changes in consumption.
Exhibit 17-1 Inflation and unemployment rates
In Exhibit 17-1, when the unemployment rate goes from 3 percent to 9 percent,
A. the level of inflation is unaffected. B. the inflation rate goes from 8 percent to 14 percent. C. the inflation rate goes from 8 percent to 3 percent. D. the inflation rate goes to 0 percent.
Monetary policy could be procyclical if the Federal Reserve
A) is late recognizing that a recession has begun and does not conduct expansionary monetary policy. B) is late recognizing that a recession has begun and conducts expansionary monetary policy. C) is quick to recognize that a recession has begun and conducts expansionary monetary policy. D) is quick to recognize that a recession has begun and does not conduct expansionary monetary policy.