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The CA is equal to
A.Y – (C-I+G).B.Y + (C+I+G).C.Y – (C+I+G).D.Y – (C+I-G).E.Y – (C+I+G) = -CA, (i.e., minus the CA).Answer: C
cyxssbIn order for the condition E$/HK$ = Pus/PHK to hold,
In order for the condition E$/HK$ = Pus/PHK to hold, what assumptions does the principle of purchasing power parity make?A.No transportation costs and restrictions on trade; commod...
cyxssbThe monetary approach makes the general prediction that
A.The exchange rate, which is the relative price of American and European money, is fully determined in the long run by the relative supplies of those monies.B.The exchange rate, w...
cyxssbHow many British pounds would it cost to buy a pair
How many British pounds would it cost to buy a pair of American designer jeans costing $45 if the exchange rate is 1.60 dollars per British pound?A.125 British poundsB.125 British ...
cyxssbAn increase in a country’s money supply
A.causes a more than proportional increase in its price level.B.causes a less than proportional increase in its price level.C.causes a proportional increase in its price level.D.le...
cyxssbAssume that the euro interest rate is
Assume that the euro interest rate is constant at 5 percent, and that the expected exchange rate is 1.05 dollars per one euro. Find the expected dollar return on euro deposits for ...
cyxssbHow were the initial members of EMU chosen?
How were the initial members of EMU chosen? How will new members be admitted? What is the structure of the complex of financial and political institutions that govern economic poli...
cyxssbHow is the AA schedule derived?
A.The AA schedule has a positive slope because an increase in output leads to a depreciation of theB.The AA schedule has a negative slope because an increase in output leads to a d...
cyxssbIf the economy starts in long-run equilibrium,
If the economy starts in long-run equilibrium, a permanent fiscal expansion will causeA.an increase in exchange rate,B.a decrease in exchange rate,C.an increase in output,D.a decre...
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...
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...
cyxssbWhich one of the following statements is the most accurate?
A.A permanent increase in a country’s money supply causes a proportional long- run depreciation of its currency against foreignB.A temporary increase in a country’s money supply ...
cyxssb
