UOP ECO 561 Final Exam Guide (New, 2017)

More documents

Recommendations

Info

the more independent the central bank, the higher the average annual rate of inflation the more independent the central bank, the lower the average annual rate of inflation there is no relationship between the degree of independence of a country's central bank and its inflation rate. 26 The business cycle depicts: short-run fluctuations in output and employment the phases a business goes through from when it first opens to when it finally closes fluctuations in the general price level the evolution of technology over time 27 The primary gain from international trade is: increased employment in the domestic export sector increased employment in the domestic import sector more goods than would be attainable through domestic production alone tariff revenue 28 Contractionary fiscal policy is so named because it: necessarily reduces the size of government is aimed at reducing aggregate demand and thus achieving price stability involves a contraction of the nation's money supply is expressly designed to expand real GDP 29 If the prices of all goods and services rose, but the quantity produced remained unchanged, what would happen to nominal and real GDP? Real GDP would rise, but nominal GDP would be unchanged Nominal and real GDP would both be unchanged Nominal GDP would rise, but real GDP would be unchanged Nominal and real GDP would both rise 30 Which of the following will generate a demand for country X's currency in the foreign exchange market? Charitable contributions by country X's citizens to citizens of developing nations The imports of country X The desire of foreigners to buy stocks and bonds of firms in country X
Travel by citizens of country X in other countries Information
Page 1 and 2: UOP ECO 561 Final Exam Guide (New,
Page 3 and 4: may be either above or below the eq
Page 5: 20 As output increases, total varia

UOP ECO 561 Final Exam Guide (New, 2017)

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?