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show the phenomenon of overshooting.
Using the DD – AA framework, show the phenomenon of overshooting. Use a figure to explain when it is taking place.Answer: The figure below shows the phenomenon of overshooting. ...
cyxssba temporary fiscal expansion would increase output
Using a figure, show that under full employment, a temporary fiscal expansion would increase output (over-employment) but cannot increase output in the longAnswer: A temporarily fi...
cyxssbBenefit(s) of the gold standard include
A.asymmetryB.making real values of national monies more stable andC.limiting moneyD.Both A andE.Both B andAnswer: E
cyxssbFiscal Expansion under a fixed exchange
Fiscal Expansion under a fixed exchange rate has what effect(s) on the economy?A.The money supplyB.OutputC.The exchange rateD.The exchange rate decreases initially but then returns...
cyxssbWhen a country’s currency is devalued,
A.outputB.outputC.the money supplyD.the money supplyE.Both B andAnswer: E. When a currency is devalued, output and the money supply expand as the economy’s equilibrium shifts outw...
cyxssbThe liabilities side of a central bank include
A.deposits held by the privateB.currency inC.deposits held by the private banks and currency inD.deposits held by the private banks and currency inE.deposits held by the private ba...
cyxssbWhich one of the following statements is most true?
A.Any central bank purchase of assets automatically results in an increase in the domestic money supply, while any central bank sale of assets automatically causes the money supply...
cyxssbWhich one of the following statements is most true?
A.If central banks are not sterilizing and the home country has a balance of payments surplus, any associated increase in a foreign central bank’s claims on the home country impli...
cyxssbUnder fixed rates, which one of the following
Under fixed rates, which one of the following statements is the most accurate?A.Monetary policy can affect onlyB.Monetary policy can affect onlyC.Monetary policy can affect only in...
cyxssbWhich one of the following statements is the most accurate?
A.A devaluation occurs when the central bank lowers the domestic currency price of foreign currency, E, and a revaluation occurs when the central bank raisesB.A devaluation occurs ...
cyxssbthe following statements is the most accurate?
Under fixed exchange rate, which one of the following statements is the most accurate?A.Devaluation causes a decrease in output, a decrease in official reserves, and a contraction ...
cyxssbthe following statements is the most accurate?
Under fixed exchange rate, which one of the following statements is the most accurate?A.Devaluation causes a rise inB.Devaluation causes a decrease inC.Devaluation has no effect on...
cyxssb
