As prices rise. People will want to keep more money as cash and in bank accounts This is called ?
A. real balance effect.
B. cash ratio.
C. money illusion.
D. menu costs of inflation.
A. real balance effect.
B. cash ratio.
C. money illusion.
D. menu costs of inflation.
A. Product X
B. Product Y
C. Neither X nor Y
D. Both X and Y
A. China’s trade deficit with the United States was very high
B. The United States refused to place quotas on Chinese goods
C. The United States imported more from China than it exported to China
D. China lowered tariffs on goods imported from the United States
A. August 10, 1991
B. July 16, 1990
C. September 12, 1992
D. October 16, 1989
A. Deficit Budget
B. Reduction in taxation
C. Increase in public expenditure
D. Reverse of inflation
A. Net exports will rise
B. None of these answers
C. Net exports will fall
D. Net exports will remain unchanged
A. the trade-off between inflation and unemployment
B. The trade-off between output and unemployment
C. The positive relationship between output and unemployment
D. The positive relationship between inflation and unemployment