Which one of the countries below announces inflation targets?
A) Japan
B) U.S.
C) Canada
D) Mexico
E) Nicaragua
C
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Which of the following are goals of monetary policy?
A) maximizing the value of the dollar relative to other currencies, economic growth, and high employment B) price stability, economic growth, and high employment C) price stability, economic growth, and maximizing the value of the dollar relative to other currencies D) price stability, maximizing the value of the dollar relative to other currencies, and high employment
Consider a graph on which one good Y is on the vertical axis and the only other good X is on the horizontal axis
On this graph the income-consumption curve has a positive slope for low incomes, then it takes a zero slope for a higher income, and then it takes a negative slope for even higher incomes (the curve looks like an arc, first rising and then falling as income increases). This curve illustrates that, for all income levels, A) both X and Y are normal. B) only Y is normal. C) both X and Y are inferior. D) only X is normal.