A world price of a good:
A) is the lowest price for which the good is available in any country in the world.
B) is the price prevailing in the country with the highest production of the good.
C) is equal to the lowest opportunity cost of producing the good in any country in the world.
D) is the prevailing price of the good on the global market.
D
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In the United States, the main source of fluctuations in the current account balance is
A) exports of capital. B) net transfers. C) international debt. D) net exports. E) net interest.
Most of the pressure for a monetary growth rule has disappeared because since 1980,
A) the relationship between movements in the money supply and movements in real GDP and the price level have become much weaker. B) the relationship between movements in the money supply and movements in real GDP and the price level have become much stronger. C) the relationship between movements in interest rates and movements in real GDP and the price level have become much weaker. D) the relationship between movements in interest rates and movements in real GDP and the price level have become much stronger.