Study for final exam
Increase the supply of Japanese yen in Asia
Increase the supply of Japanese yen in the US
Weaken the Japanese yen and strenghten the US dollar
Strengthen the Japanese yen and make the Japanese exports less expensive
Strengthen the Japanese yen and make Japanese exports more expensive
Foreign currencies could be converted into US dollars, which could be redemmed for gold at a rate determined by supply and demand
Foreign currency currencies could be converted into US dollars, which could be redemmed for gold at a rate of 35 dollars per ounce
Foreign currencies could be converted into gold at a rate determined by supply and demand
Foreign currencies could be converted into gold at a rate of $35 per ounce
Gold was the international medium of exchange
American goods will become more expensive for foreign buyers and foreign goold will be cheaper for Americans
American goods will become less expensive for foreign buyers and foreign goods will be more expensive for Americans
American goods will become more expersive and foreign goods will be more expensive for Americans
American goods will become cheaper for foreign buyers and foreign goods will be cheaper for Americans
Neither the price of U.S. exports nor the price oof U.S. imports will change
More U.S. imports from Great Britain because the price of pounds has fallen
More exports to Great Britain because the price of pounds has risen
Fewer exports to Great Britain because the price of the pound has risen
More US exports to Great Britain since the price of the dollar has falen
No change in either exports or imports
The value of the US dollar has increased
The value of foreign exchange has decreased
Fewer dollars are required to purchase foreign exchange
More dollars are required to purchase foreign exchange
Exports will immediately fall
Reduced unemployment because aggregate demand increased
Reduced unemployment because aggregate demand fell
Increased unemployment because aggregate demand increased
Increased unemployment because aggregate demand fell
Increased unemployment because aggregate supply fell
Activity lag
Decision-making lag
Effectiveness lag
Implementation lag
Recognition lag
Unemployment
A higher level of potential output
A higher price level
A lower price level
A shift of the long-run aggregate supply curve
The average length of time that people hold wealth
How fast aggregate spending will increase for a given decline in money demand
How fast inflation will rise for a given increase in the money supply
How quickly money changes hands
How quickly banks create money
Shift the demand for money curve to the right
Shift the demand for money curve to the left
Increase the quiantity of money people want to hold
Decrease the quantity of money people want to hold
Have no impact on the demand for money curve
Less money because its opportunity cost has increased
More money because its opportuniy cost has increased
Less money because its opportunity cost has declined
More money because its opportunity cost has declined
The same amount of money
Decrease in the bank's liabilities
Increase in the bank's liabilities
Increase in the bank's required reserve
Increase in the bank's actual reserves
Decrease in the bank's actual reserves
Will not increase as a result of that loan
Decrease as a result of that loan
Will not increase as much from that point on as it would if borrowers redeposited all of the money because the cash withdrawl increase excess reserves
Will not increase as much from that point on as it would if borrowers redeposited all of the money because cash is not include in the money supply
Will not increase as much from that point on as it would if borrowers redeposited all of the money because the cash withdrawal decreases excess reserves
Lending out excess reserves
Lending out required reserves
Raising interest rates on loans
Calling in loans
Printing new checks
Controlled by the president, who appoints the members of the Board of Governors
Controlled by the president, who appoints the member of the Open Market Committee
Insulated from politics since the term of only two members of the Board of Governers expire during tenure of any modern President of thhe U.S.
Insulated from the tenure of any modern President of the US
Controlled by the president
Sellers stopped accepting money, and this forced people to borrrow
The German mark no longer served as a unit of account
Gresham's Law took effect when people switched to flat money
The German price level rose
Nominal GDP fell while real GDP increased
John Maynard Keynes
Thomas Gresham
Money has intrinsic worth as a commodity
Money is convertible into commodities that have intrinsic worth
The prices of all goods and services are measured in terms of money
Things that function as money can do so because people know there is a standard of value that ultimately backs the money even if it is only faith
Bank accounts make it easy for people to store their wealth
The difficulty of estimating the natural rate of unemployment
Time lags involved in enacting appropriate legislation
The difficulty of getting an accurate measure of the rate of inflation
Time lags involved in recognizing the need for fiscal policy
The tendency for people to distinguish between temporary and permanent changes in their income
$100
$900
$1000
$10000/9
$10,000
Only reduce the PL
Only reduce real GDP
Only increase the PL
Only increase real GDP
Reduce both the price level and real GDP
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