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.Management Sciences
Category: Macroeconomic Issues and Analysis
Reducing inflation is a more important objective than economic growth is an example of ?
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A. Normative economics
B. Positive economics
C. Objective economics
D. Reality economics
The Maastricht criteria for entry to the EMU are that applicants should have ?
A. low inflation
B. low interest rates
C. stable nominal exchange rates
D. budget deficits and government debt under control
E. all of the above
As prices rise, there will be costs of constantly changing price-tags and reprinting price-lists This is called ?
A. real balance effect
B. menu costs of inflation
C. money illusion.
D. cost-push inflation.
If the economy is in the recessionary phase of the business cycle, aggregate demand ___ unemployment ____ inflation ___ and the current account of the balance of payments is likely to move towards ____?
A. falls; falls; falls; surplus
B. is static; low; rises; deficit
C. falls; rises; falls; surplus
D. rises; falls; rises; deficit
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 _______?
A. rise; falls; rise; deficit
B. falls; rises; falls; surplus
C. falls; falls; falls; surplus
D. is static; low; rises; deficit
The record of a country’s imports and exports of of goods and services plus net investment incomes and current transfers of money to and from abroad, is called its ?
A. balance of payments on current account
B. visible trade balance
C. balance of trade
D. balance of payments
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