Which group believes the government should react to inflation by tightening the money supply?
A. Monetarists and modern Keynesians.
B. Supply-siders and monetarists.
C. New classical economists and monetarists.
D. Modern Keynesians and supply-siders.
Answer: A
Economics
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If the yen to dollar exchange rate moves from 105 to 115 yen per dollar, then the dollar has ________ and the yen has ________
A) appreciated; appreciated B) appreciated; depreciated C) depreciated; depreciated D) depreciated; appreciated
Economics
Next year's expected price of oil is $90 per barrel. If the interest rate climbs from 5 percent to 20 percent per year and nothing else changes, then according to the Hotelling Principle the price of oil this year
A) will rise. B) will fall. C) will not change. D) could rise, fall, or stay the same.
Economics