Question 1

The balance of payments includes which three accounts?

Accepted Answer

A)  the current account, the financial account, and the capital account 
B)  the capital flows account, the financial account, and the trade account 
C)  the net investment account, the net exports account, and the net transfers account 
D)  the balance of trade account, the net foreign investment account, and statistical discrepancy 
A)  the current account, the financial account, and the capital account 
B)  the capital flows account, the financial account, and the trade account 
C)  the net investment account, the net exports account, and the net transfers account 
D)  the balance of trade account, the net foreign investment account, and statistical discrepancy

Question 2

The United States is called a debtor nation because

Accepted Answer

A)  it has a large current account deficit and is simultaneously funded by foreign investment. 
B)  it has a large financial account deficit that is used to fund the current account deficit. 
C)  it has a large balance of payments deficit that is used to fund the current account deficit. 
D)  U.S. capital outflows are much greater than U.S. capital inflows. 
A)  it has a large current account deficit and is simultaneously funded by foreign investment. 
B)  it has a large financial account deficit that is used to fund the current account deficit. 
C)  it has a large balance of payments deficit that is used to fund the current account deficit. 
D)  U.S. capital outflows are much greater than U.S. capital inflows.

Question 3

The price of domestic goods in terms of foreign goods is referred to as

Accepted Answer

A)  the nominal exchange rate. 
B)  the relative inflation rate. 
C)  the current account balance. 
D)  the real exchange rate. 
A)  the nominal exchange rate. 
B)  the relative inflation rate. 
C)  the current account balance. 
D)  the real exchange rate.

Question 4

If the exchange rate between the Mexican peso and the U.S.dollar expressed in terms of pesos per dollar is 13.5 pesos = 1 dollar,what is the exchange rate when expresses in terms of dollars per peso?

Accepted Answer

If 13.5 pesos = 1 do

Question 5

If the Fed does not take into account the additional policy channels available in an open economy,then ________ when conducting contractionary monetary policy,

Accepted Answer

A)  it is likely to decrease GDP too much and cause a recession 
B)  it is likely to decrease GDP too little and inflation will persist 
C)  it is likely to increase GDP too much and inflation will persist 
D)  it is likely to increase GDP too little and cause a recession 
A)  it is likely to decrease GDP too much and cause a recession 
B)  it is likely to decrease GDP too little and inflation will persist 
C)  it is likely to increase GDP too much and inflation will persist 
D)  it is likely to increase GDP too little and cause a recession

The balance of payments includes which three accounts?

The United States is called a debtor nation because

The price of domestic goods in terms of foreign goods is referred to as

If the exchange rate between the Mexican peso and the U.S.dollar expressed in terms of pesos per dollar is 13.5 pesos = 1 dollar,what is the exchange rate when expresses in terms of dollars per peso?

If the Fed does not take into account the additional policy channels available in an open economy,then ________ when conducting contractionary monetary policy,

Economics: Foundations and Models

Trade-Offs, comparative Advantage, and the Market System

Where Prices Come From: the Interaction of Demand and Supply

Economic Efficiency, government Price Setting, and Taxes

Externalities, environmental Policy, and Public Goods

Elasticity: The Responsiveness of Demand and Supply

The Economics of Health Care

Firms, the Stock Market, and Corporate Governance

Comparative Advantage and the Gains From International Trade

Consumer Choice and Behavioral Economics

Technology, production, and Costs

Firms in Perfectly Competitive Markets

Monopolistic Competition: The Competitive Model in a More Realistic Setting

Oligopoly: Firms in Less Competitive Markets

Monopoly and Antitrust Policy

Pricing Strategy

The Markets for Labor and Other Factors of Production

Public Choice, taxes, and the Distribution of Income

GDP: Measuring Total Production and Income

Unemployment and Inflation

Economic Growth, the Financial System, and Business Cycles

Long-Run Economic Growth: Sources and Policies

Aggregate Expenditure and Output in the Short Run

Aggregate Demand and Aggregate Supply Analysis

Money, banks, and the Federal Reserve System

Monetary Policy

Fiscal Policy

Inflation, unemployment, and Federal Reserve Policy

The International Financial System

Filters

Exam 29: Macroeconomics in an Open Economy

The balance of payments includes which three accounts?

The United States is called a debtor nation because

The price of domestic goods in terms of foreign goods is referred to as

If the exchange rate between the Mexican peso and the U.S.dollar expressed in terms of pesos per dollar is 13.5 pesos = 1 dollar,what is the exchange rate when expresses in terms of dollars per peso?

If the Fed does not take into account the additional policy channels available in an open economy,then ________ when conducting contractionary monetary policy,

Economics: Foundations and Models

Trade-Offs, comparative Advantage, and the Market System

Where Prices Come From: the Interaction of Demand and Supply

Economic Efficiency, government Price Setting, and Taxes

Externalities, environmental Policy, and Public Goods

Elasticity: The Responsiveness of Demand and Supply

The Economics of Health Care

Firms, the Stock Market, and Corporate Governance

Comparative Advantage and the Gains From International Trade

Consumer Choice and Behavioral Economics

Technology, production, and Costs

Firms in Perfectly Competitive Markets

Monopolistic Competition: The Competitive Model in a More Realistic Setting

Oligopoly: Firms in Less Competitive Markets

Monopoly and Antitrust Policy

Pricing Strategy

The Markets for Labor and Other Factors of Production

Public Choice, taxes, and the Distribution of Income

GDP: Measuring Total Production and Income

Unemployment and Inflation

Economic Growth, the Financial System, and Business Cycles

Long-Run Economic Growth: Sources and Policies

Aggregate Expenditure and Output in the Short Run

Aggregate Demand and Aggregate Supply Analysis

Money, banks, and the Federal Reserve System

Monetary Policy

Fiscal Policy

Inflation, unemployment, and Federal Reserve Policy

The International Financial System

Filters