Evidence from the United States and other foreign countries indicates that
A) there is a strong positive association between inflation and growth rate of money over long periods of time.
B) there is little support for the assertion that "inflation is always and everywhere a monetary phenomenon."
C) countries with low monetary growth rates tend to experience higher rates of inflation, all else being constant.
D) money growth is clearly unrelated to inflation.
A
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Which of the following is most likely to cause a leftward shift in the demand curve for the Chinese yuan in exchange of the U.S. dollar?
A) An increase in the demand for U.S. products in China B) A decrease in the demand for Chinese products in the U.S. C) A decrease in the demand for U.S. products in China D) An increase in the demand for Chinese products in the U.S.
Which of the following domestically produced items is not included in GDP?
a. a bottle of shampoo b. a hairdryer c. a haircut d. All of the above are included in GDP.