Interest rates

inflation

the money base

exchange rate

it doesn't matter

32. Which of the following is a debit to the U.S. current account?

(A) Purchase of a new U.S-made automobile by an Argentinean citizen

(B) Purchase of a 1940s beach house in NEW Jersey by a citizen of India

(C) Sale of foreign official assets by the Fed to the central bank of Switzerland

(D) Purchase of oil from the Saudi Arabia by a U.S. company

(E) Payments for the use of farm land in the U.S. by a citizen of Tanzania

33.On which of the following are monetarists and supply-side economists most likely to disagree?

(A) Whether increases in labor productivity increase real output

(B) Whether changes in monetary policy affect the international value of the dollar

(C) Whether implementing a monetary rule would be an effective economic policy

(D) Whether the level of investment depends on the interest rate

(E) Whether an expansionary fiscal policy will lead to an increase in interest rates

34. If the value of the United States dollar depreciates in relation to the Japanese yen, which of the following will most likely happen?

(A) A Japanese candy bar that formerly cost 250 yen in Japan will cost less in Japan.

(B) A United States candy bar that formerly cost $250 in the United States will cost less in the United States.

(C) Japanese tourists in the United States will be able to buy the same amount of goods and services for fewer yen.

(D) American tourists in Japan will be able to buy the same amount of goods and services for fewer dollars.

(E) United States importers will be able to obtain more Japanese goods for fewer dollars.

35.Deficit spending by the government may result in crowding out of the net exports because the spending

(A) reduces the funds available for private investment

(B) is usually financed by selling bonds to foreign banks

(C) lowers the interest rate and thus discourages saving

(D) leads to higher employment

(E) increases the international value of the dollar

36.The different ranges of the aggregate supply curve shown in the graph above best reflect which of the following?

(A) Alternative consumer purchasing decisions

(B) Changes in technology

(C) The relative combinations of monetary and fiscal policy

(D) The existence of long-run economic growth

(E) The amount of excess capacity in the economy

37.An increase in the velocity of money in the United States means that

a. the government is printing more money than previously

b. firms are spending less on capital goods

c. foreigners are holding more dollars in Eurodollar accounts

d. exports have risen relative to imports

Дата добавления: 2015-10-30