Discretionary monetary policy is monetary policy that is based on
A) the judgment of Congress about the current needs of the economy.
B) the judgment of the monetary policymakers about the current needs of the economy.
C) the ups and downs of the stock market.
D) a rule that allows no discretion in how policymakers respond to the state of the economy.
E) rules that depend upon the state of the economy.
B
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In a nation's balance of payments, which one of the following items is always recorded as a positive entry?
A. Goods imports. B. Changes in foreign currency reserves. C. U.S. purchases of assets abroad. D. Exports of services.
If the dollar per pound exchange rate changes from $1.50 per pound to $2 per pound, it implies that the dollar has appreciated against the pound.
Answer the following statement true (T) or false (F)