If the economy is at the peak of the business cycle, aggregate demand ____ unemployment _______ inflation _______ and the current account of the balance of payments is likely to move towards _______?

Related Mcqs:

If the exchange rate between the UK and Japan changes from £1 = 100 yen to £1 = 150 yen then ceteris paribus, the price of UK goods in Japan ?

A. will remain the same B. will decrease C. will increase D. could either increase of decrease...

The competitive advantage from a devaluation is likely to be offset by _______ and ________?

A. higher import prices, higher wages increases B. lower export prices, lower imports volumes C. higher import prices, lower export prices D. higher wage increases lower import volumes...

In the short run the level of floating exchange rates is determined mainly by ?

A. interest rates B. competitiveness C. trade D. speculation...

As prices rise. People will want to keep more money as cash and in bank accounts This is called ?

A. real balance effect. B. cash ratio. C. money illusion. D. menu costs of inflation....

A rise in the real exchange rate will ________ the competitiveness of the domestic economy?

A. increase B. reduce C. do nothing to D. None of the above...