The nominal exchange rate is 4 Saudi Arabian riyals, 8 Moroccan dirham, 45 India
ID: 1122804 • Letter: T
Question
The nominal exchange rate is 4 Saudi Arabian riyals, 8 Moroccan dirham, 45 Indian rupee, or 0.6 British pounds per U.S. dollar. A double latte espresso and a cinnamon biscotti costs $6 in the U.S., 24 riyals in Saudi Arabia, 40 Moroccan dirham in Morocco, 250 Indian rupees in India, and 5 British pounds in Britain. According to these numbers, where is the real exchange rate between American and foreign goods the lowest?
Saudi Arabia
Britain
India
Morocco
Suppose the world had only two countries and domestic residents of country A purchased $50 billion of assets from country B and country B purchased $30 billion of assets from country A. What would the net capital outflows of both countries be?
$20 billion for country A and -$20 billion for country B
$50 billion for country A and $30 billion for country B
-$20 billion for country A and $20 billion for country B
$30 billion for country A and $50 billion for country B
If countries that imported goods and services from the United States went into recession, we would expect that U.S. net exports would
fall, making aggregate demand shift right.
rise, making aggregate demand shift left.
fall, making aggregate demand shift left.
rise, making aggregate demand shift right.
Suppose a fall in stock prices makes people feel poorer. The decrease in wealth would induce people to desire
increase consumption, shown as a movement to the right along a given aggregate-demand curve.
increased consumption, shifting the aggregate-demand curve to the right.
decreased consumption, shown as a movement to the left along a given aggregate-demand curve.
decreased consumption, shifting the aggregate-demand curve to the left.
A decrease in the expected price level shifts short-run aggregate supply to the
left, and an increase in the actual price level shifts short-run aggregate supply to the left.
right, and an increase in the actual price level does not shift short-run aggregate supply.
right, and an increase in the actual price level shifts short-run aggregate supply to the right.
left, and an increase in the actual price level does not shift short-run aggregate supply.
When Ghana sells chocolate to the United Arab Emirates, U.A.E net exports
Increase, and U.A.E net capital outflow increases.
Decrease, and U.A.E net capital outflow decreases.
Increase, and U.A.E net capital outflow decreases.
Decrease, and U.A.E net capital outflow increases.
The effect of an increase in the price level on the aggregate-demand curve is represented by a
Shift to the left of the aggregate-demand curve.
Shift to the right of the aggregate-demand curve.
Movement to the right along a given aggregate-demand curve
Movement to the left along a given aggregate-demand curve
The discovery of a large amount of previously-undiscovered oil in the U.A.E would shift
The long-run aggregate-supply curve to the right.
The long-run aggregate-supply curve to the left.
The aggregate-demand curve to the right.
None of the above is correct.
Saudi Arabia
Britain
India
Morocco
Explanation / Answer
A INDIA BECAUSE 250/6 is highest
B 20 billion for country A and - 20 for B
C fall making aggregate demand shift left
D decreasing consumption shifting aggregate demand left
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