Inflation targeting alleviates the problem of
a. money multiplier instability that makes money targeting difficult.
b. time inconsistency.
c. a lack of credibility in monetary policy.
d. both b and c.
e. all of the above.
E
Economics
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When a U.S. company shifts its call-center operations overseas to reduce costs, it is applying the economic concept of
A) using assumptions to simplify. B) thinking at the margin. C) comparative advantage. D) diminishing returns.
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Based on Table 9.3, if values in the table are amended to reflect a net increase in U.S. foreign direct investment of 100, then the new balance for the capital account balance becomes
A) -75. B) -25. C) +25. D) +75.
Economics