Under purchasing power parity (PPP), if U.S. monetary growth leads to a long run doubling of the U.S. price level, while Germany's price level remains constant, PPP predicts that the
A) long-run DM price of the dollar will be doubled.
B) long-run DM price of the dollar will be halved.
C) long-run DM price of the dollar will remain the same.
D) short-run DM price of the dollar will be halved.
E) short-run DM price of the dollar will be doubled.
Question 2
Federal Reserve Chairman Volcker's policy to fight inflation
A) led to the 1981-1983 recession, but was ultimately successful.
B) led to the 1981-1983 recession, but did not end high inflation due to beggar-thy-neighbor effects.
C) was perfectly complemented by Reagan's decrease in fiscal spending.
D) led to the 1981-1983 recession and foretold the economic downturn in the mid-1990s.
E) led to an immediate depreciation of the dollar.
Seasonal changes in biomass and growth form of benthic algae in the Eel River, California: (a) in ea
A herd of barren-ground caribou at the Thelon River. This subspecies is a long-distance migrant
Anopheles larva from southern Germany, about 8 mm long
Purple growth on mussels
Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The
Bacteria growth curve