Under perfect capital mobility, fiscal policy has the largest impact on the income under: a. fixed exchange rates. b. floating exchange rates. c. dollarization. d. a currency union. ANSWER A
Date: September 10th, 2020
By the end of the 19th century, bituminous coal still was the largest single source of mineral energy used in this country, despite the enormous increase in oil production and refining. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
Traditionally, laws of incorporation have been predominantly privileges of the states. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
The U.S. has a system of private property rights that encourages productive uses of its resources even in the presence of some government influence. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
Government controls over industry (a) limit overall net industrial growth. (b) help all industries. (c) lower consumer costs in the industries assisted by government. (d) encourage the destruction of inefficient and lagging industries. ANSWER (a)
Date: September 10th, 2020
In the Mundell-Fleming model with a floating exchange rate and perfect capital mobility, an increase in the money supply does all of the following EXCEPT: a. increase interest rates. b. increase income. c. increase the IS curve. d. increase inflation. ANSWER A
Date: September 10th, 2020
A depreciation of the dollar under perfect capital mobility would cause a. the LM curve to shift to the left. b. the LM curve to shift to the right. c. the IS curve to shift to the right. d. the IS curve to shift to the left. e. the BP curve to shift up. […]
Date: September 10th, 2020
Barry Eichengreen (1992) blamed the severity of the worldwide depression from 1929 to 1933 on the countries who abandoned the rules of the gold standard during economic downturns. This abandonment relieved countries from the monetary discipline measures of the gold standard. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
The commerce clause strengthened the federal government’s interventionist power in industries operating on a national scale. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
The Dred Scott v. Sanford decision of the U.S. Supreme Court in 1857 (a) made all persons born in the U.S. citizens. (b) provided U.S. citizenry to the children of U.S. born slaves. (c) permitted slaves to sue others in courts. (d) prevented slaves from being taken away from their owners without due process. […]
Date: September 10th, 2020
