5-The short-term aggregate supply curve _____________ a-It has a positive slope.
ID: 1110708 • Letter: 5
Question
5-The short-term aggregate supply curve _____________
a-It has a positive slope.
b-It has a negative slope.
c-It is horizontal.
6-Today 1 euro can be purchased at $ 1.10. This is the
a-Spot exchange rate.
b-forward exchange rate.
b-fixed exchange rate.
7-When the Mexican peso exchange rate changes from 9 pesos to the US dollar to 10 pesos to the US dollar, then the Mexican peso has been ________ and the US dollar has been ________.
a-appreciated; appreciated
b-depreciated appreciated
c-depreciated depreciated
8-On October 5, a US dollar was exchanged in the exchange market for around 0.61 euros. Therefore, one euro bought around ________ US dollars.
a-0.64
b-1.64
c1.20
9-An increase in the domestic interest rate makes the demand for domestic assets ________ and that the domestic currency be ________, if everything else remains constant.
a-rise; appreciate
b-rise; depreciate
c-diminish; appreciate
10-Under a regime of fixed exchange rate, if the national currency is initially ________, that is, ________ of its exchange rate parity, the central bank must intervene selling national currency buying international assets.
a-overvalued; under
b-undervalued; under
c-undervalued; above
11- Which of the following is generally considered the best monetary indicator?
a-The discount rate.
b-The monetary base.
c-The own reserves.
12- At first glance, a simple solution to fight against inflation is
a-reduce the rate of growth of the money supply.
b-limit the number of periods that politicians can remain in office.
c-return to the barter system and prohibit the use of legal tender money.
13- The most inflationary countries probably have
a-the highest rates of monetary growth.
b-low budget deficits as a percentage of GDP.
c-the lowest interest rates.
14-According to the analysis of aggregate demand and supply, in the short term an increase in public expenditure will cause the aggregate demand ________, which will make the product ________, if everything else remains the same.
a-rise; decrease
b-rise; upload
c-fall; decrease
15-According to the Fisher equation, if the nominal interest rate is 6 percent and the anticipated inflation rate is 1 percent, then the real interest rate is equal to __________
A* - 3 percent.
B*4 percent.
C*5 percent.
16-One way to derive the aggregate demand curve is to consider its four components, which are:
a-consumer spending, planned investment spending, government spending and net exports.
b-consumer spending, current investment spending, government spending and net exports.
c-consumer spending, planned investment spending, government spending and taxes.
Explanation / Answer
5. The correct answer is A.
6. The correct answer is A.
7. The correct answer is B.
8. The correct answer is B.
9. The correct answer is A.
10. The correct answer is A.
11. The correct answer is B.
12. The correct answer is A.
13. The correct answer is A.
14. The correct answer is A.
15. The correct answer is C.
16. The correct answer is B.
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