An increase in income causes, the price for ipads _____________ and the quantity demanded for ipads ____________

In the United States since the 1920s, there has been only one decade that appears to accord fairly well with the RBC theory of business cycles:

A) the 1930s. B) the 1960s. C) the 1970s. D) the 1980s.

Which of the following is a drawback of a floating exchange-rate system?

A. Adverse foreign trade shocks are especially damaging since any intervention by the central bank adds to the recession. B. Overshooting of exchange rates may cause excessive resource shifts into and out of trade-oriented industries. C. Inflation is fully transmitted from one country having a higher rate of inflation to another one having a lower rate. D. Monetary policy is ineffective in raising aggregate demand since it cannot be directed toward achieving internal balance.