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

Author Question: According to Hume's price-specie-flow mechanism, a sudden increase in the money stock of Country A: ... (Read 108 times)

Kikoku

  • Hero Member
  • *****
  • Posts: 540
on: Jun 30, 2018
According to Hume's price-specie-flow mechanism, a sudden increase in the money stock of Country A:
 a. causes an immediate deflation in Country A.
  b. leads to an increase in Country A's imports relative to its exports.
  c. leads to an increase in Country A's exports relative to its imports.
  d. causes specie from the rest of the world to flow into Country A.

Question 2

Explanations for the decline in U.S. productivity in the 1970s and 1980s include all of the following except:
 a. difficulties with measuring service sector output.
  b. the entry into the labor force of many young, inexperienced workers.
  c. a wave of corporate mergers that reduced competition.
  d. rising oil prices.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ApricotDream

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 30, 2018
Answer to Question 1

b. leads to an increase in Country A's imports relative to its exports.

Answer to Question 2

c. a wave of corporate mergers that reduced competition.


Kikoku

  • Member
  • Posts: 540
Reply 2 on: Jun 30, 2018
Gracias!

nyrave

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Convection and the Mechanism of Plate Tectonics Convection and the Mechanism of Plate Tectonics
Blood Flow Through The Cardiac Valves Blood Flow Through The Cardiac Valves
The flow of blood valves of the heart. The flow of blood valves of the heart.
Concentric double-pipe heat exchanger for counter-current flow Concentric double-pipe heat exchanger for counter-current flow
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Effect of an Increase in gA,2 on Productivity and Output Effect of an Increase in gA,2 on Productivity and Output
Video: Buffers definition and the role of buffer in the body

For a complete list of videos, visit our video library