Refer to Table 11.1. What is the value of the marginal propensity to import?

Assume policy makers in a fixed exchange rate regime decide to peg the exchange rate at a higher level. This is called

A) a devaluation. B) a revaluation. C) a depreciation. D) an appreciation.

A laissez-faire macroeconomic policy, based on a __________ in self regulating properties of the economy, implies __________ by the government

A) belief; active policymaking B) belief; noninterference C) disbelief; active policymaking D) disbelief; noninterference