No distinction is made between the effects of anticipated and unanticipated policy in ________
A) traditional Keynesian theory
B) new Keynesian theory
C) real business cycle theory
D) traditional Keynesian and real business cycle theory
D
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Refer to the scenario above. If the government removes the ban on Firm B and both Firm A and firm B aim at maximizing profits:
A) marginal cost of Firm A will eventually be greater than the marginal cost of Firm B. B) marginal cost of Firm B will eventually be greater than the marginal cost of Firm A. C) marginal cost of both firms will eventually be equalized. D) the difference in the marginal cost of both firms will eventually increase.
Actions taken by investors who sell a country's currency in anticipation of buying it back later at a lower price is known as
A) purchasing power parity. B) destabilizing speculation. C) currency arbitrage. D) exchange rate manipulation.