The Employment Act of 1946 dictated the U.S. goal of maintaining high employment through high economic growth but did not specify any goals with regard to the price level.
a. True
b. False
Indicate whether the statement is true or false
Question 2
Suppose a Japanese investor purchases a dollar deposit that yields 5 percent interest at the end of a year. What will be the approximate return in terms of yen at maturity if the exchange rate moves from 1 = 100 to 1 = 105 during the year?
a. 1 percent
b. 5 percent
c. 10 percent
d. 20 percent
e. 0 percent
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