Test
Exam 2
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Preguntas del test (18)
1Which of the following are traditionally party of IPE?
- AThe international trading system
- BThe international monetary system
- Ceconomic development
- DAll of the above
2Export-oriented and import-competing sectors of the economy are both likely to prefer
- A an autonomous monetary policy.
- Ban appreciating currency.
- C stable exchange rates.
- D a depreciating currency.
- A an autonomous monetary policy.
3The natural rate of unemployment
- Arises and falls with unemployment benefits.
- Bcannot be reduced over the long term by monetary policy.
- Ccannot be reduced over the short term by monetary policy.
- Drises and falls with inflation.
- Arises and falls with unemployment benefits.
4The increasing use of independent central banks is intended to keep
- A
monetary policy free from electoral politics.
- Bmonetary policy focused on exchange rates.
- Cexchange rates free from electoral politics.
- Dexchange rates fixed to their pegged value.
- A
5Structural adjustment reforms in Latin America usually involved
- A a significant extension of import substitution industrialization.
- Bstimulating the economy with a judicious fiscal policy.
- Cimplementing a rigorous industrial policy.
- Defforts to reduce import barriers and increase exports.
- A a significant extension of import substitution industrialization.
6Structural adjustment reforms often had the unfortunate effect of
- Araising unemployment.
- Blowering real wages.
- Clowering consumption.
- D All of the above
7A key implication of the 1980s Latin American debt crisis was that
- A export oriented policies are doomed to fail.
- Bthe IMF has little influence over economic policies of developing countries.
- Cimport substitution industrialization policies are doomed to fail.
- Dborrowing petrodollars carries more risk than regular dollars.
- A export oriented policies are doomed to fail.
8Intermediated bank loans can be risky because
- Adepreciation of the lenders domestic currency might raise the cost of servicing debt
- Bintermediation requires government collusion to manage exchange rates
- Cintermediation requires government collision to manage exchange rates
- Ddepreciation of the borrower's domestic currency might raise cost of servicing debt
9The East Asian financial crises and implementation of IMF reforms resulted in short-term
- AThe East Asian financial crises and implementation of IMF reforms resulted in short-term
- Beconomic expansion and rising unemployment and poverty rates.
- Ceconomic expansion and falling unemployment and poverty rates.
- Deconomic contraction and falling unemployment and poverty rates.
- Eeconomic contraction and rising unemployment and poverty rates
10During the time of the Bretton Woods monetary system the US dollar was
- Apegged to a fixed price for gold.
- Bpegged to a basket of competing currencies.
- Cfloated against the market price of gold.
- Dd) floated against other majore currencies such as JPY, GBP and EUR.
- Apegged to a fixed price for gold.
11At present the US dollar is
- Apegged to a fixed price for gold.
- Bfloated against other major currencies such as JPY, GBP and EUR.
- Cfloated against the market price of gold
- Dpegged to a basket of competing currencies.
12In a fixed exchange rate system, if the USD falls below the fixed price for JPY, the US should
- A sell USD and buy JPY.
- Bprint more USD.
- Csell JPY and buy USD.
- Duse monetary policy to increase the money supply.
- A sell USD and buy JPY.
13In a fixed exchange rate system, balance of payments adjustments occur naturally by
- Aestricting government intervention in currency markets
- Bchanges to domestic prices
- Ccareful use of industrial policy.
- Dchanges to the value of currency.
14International financial integration refers to financial transactions involving
- A currencies from different countries.
- Bborrowers and savers from different countries.
- Ccompanies from different countries.
- DAll of the above
15The instruments of monetarypolicy include
- Ainterest rates and money supply
- Btax rates and expenditures,
- Ctax rates and expenditures,
- Dexpenditures and interest rates.
16Keynes proposed managing the economy's aggregate demand by
- Aincreasing government spending while not raising taxes.
- Bincreasing government spending while raising taxes.
- Cdecreasing government spending while decreasing taxes
- D All of the above.
17A "sociotropic" voter is one who bases voting decisions on
- Athe material well-being of the entire economy at the time.
- Bhis or her own material well-beingf at the time.
- Cthe social policies of the candidates without regard to economic issues.
- Dthe economic policies of the candidates without regard to social issues.
18Parties of the Left generally pursue policies to
- Alower inflation and raise employement
- Blower both inflation and unemployment
- Clower unemployment while tolerating inflation
- Dlower inflation while tolerating unemployment
Información
- Descripción
- Test sobre Exam 2, creado por Melissa Cooper el 14/12/2014.
- Autor
- Melissa Cooper
- Idioma
- English
- Visitas
- 6
- Valoración
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