Author Question: The Chinese famine occurred as a result of: a. Deng's reforms b. Zhou's reforms c. The Cultural ... (Read 149 times)

meagbuch · **on:** Jun 30, 2018

The Chinese famine occurred as a result of:
a. Deng's reforms
b. Zhou's reforms
c. The Cultural revolution
d. The Great Leap forward
e. The 1949 land reform

Question 2

Assume that the government increases spending and finances the expenditures by borrowing in the domestic capital markets. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the GDP Price Index and reserve-related (central bank) transactions in the context of the Three-Sector-Model?
a. The GDP Price Index falls, and reserve-related (central bank) transactions remain the same.
b. The GDP Price Index and reserve-related (central bank) transactions remain the same.
c. The GDP Price Index falls, and reserve-related (central bank) transactions become more negative (or less positive).
d. There is not enough information to determine what happens to these two macroeconomic variables.
e. The GDP Price Index rises, and reserve-related (central bank) transactions remain the same.