Macroeconomics

Assume that the fixed exchange rate system of 100 pesos = 1 dollar is

Assume that the fixed exchange rate system of 100 pesos = 1 dollar is above the equilibrium exchange rate of 90 pesos= 1 dollar in a flexible exchange rate system. Then the dollar would be a. undervalued and the peso would be overvalued. b. overvalued and the peso would be undervalued. c. revalued. d. depreciated […]

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Date: September 10th, 2020

What did the Proclamation of 1763 and the Quebec Act of 1774 represent

What did the Proclamation of 1763 and the Quebec Act of 1774 represent? (a) A continuation of earlier British land policies, but these were no longer workable or acceptable to the colonists (b) A temporary change in British land policies, but the change was not workable or acceptable to the colonists (c) A permanent change […]

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Date: September 10th, 2020

According to the monetarist theory, an increase in government spending

According to the monetarist theory, an increase in government spending would have a. only weak effects on both output and the price level. b. a weak effect on output with a strong effect on the price level. c. a weak effect on the price level but a strong output effect. d. stronger effects on output […]

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Date: September 10th, 2020

With regard to British trade and commercial policies, all of the follo

With regard to British trade and commercial policies, all of the following are true except (a) British trade and commercial policies had been somewhat beneficial, from the colonials’ point of view, but now (the 1770s) they had become intolerable. (b) These policies, unlike land, did not take away American rights so much as they attempted […]

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Date: September 10th, 2020