This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Assume the central bank pursues contractionary monetary policy. What is the first round effect on ... (Read 147 times)

audragclark

  • Hero Member
  • *****
  • Posts: 579
on: Jun 30, 2018
Assume the central bank pursues contractionary monetary policy. What is the first round effect on the value of the domestic currency, if there is low mobility in the international capital markets?
 a. The value of the currency rises.
  b. The value of the currency falls.
  c. The value of the currency is unaffected.
  d. The change in the value of the currency is ambiguous.

Question 2

Which of the following is not a function of money?
 a. Insurance against unexpected inflation.
  b. Legal tender.
  c. Insurance against expected inflation.
  d. Unvarying unit of value.
  e. None of the above is a function of money.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tsternbergh47

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jun 30, 2018
Answer to Question 1

.A

Answer to Question 2

.E


audragclark

  • Member
  • Posts: 579
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

adf223

  • Member
  • Posts: 304
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Flynn Effect IQ scores have risen across developed countries in recent decades. Source: Flynn (199 Flynn Effect IQ scores have risen across developed countries in recent decades. Source: Flynn (199
Ethnographic studies of the Baka pygmies of central Cameroon, and other people who still live as ... Ethnographic studies of the Baka pygmies of central Cameroon, and other people who still live as ...
effect of pH on ionization and charges of amines and carboxylic acid effect of pH on ionization and charges of amines and carboxylic acid
Scientific monitoring with environmental policy (SOER) Scientific monitoring with environmental policy (SOER)
An archaeological sample contains 0.700 g of lead-206 and 2.144 g of uranium-238. Assume that ... An archaeological sample contains 0.700 g of lead-206 and 2.144 g of uranium-238. Assume that ...
Video: Carpal Tunnel Syndrome

For a complete list of videos, visit our video library