题目内容

Imagine that a bushel of wheat costs $3.20 in the United States and costs 20 pesos in Mexico. If the nominal exchange rate is 10 pesos per dollar, the real exchange rate is ()

A. 1.60
B. 1.25
C. .625
D. None of the above is correct.

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In an open economy, the demand for loanable funds comes from ()

A. only those who want to borrow funds to buy domestic capital goods.
B. only those who want to borrow funds to buy foreign assets.
C. those who want to borrow funds to buy either domestic capital goods or foreign assets.
D. neither those who want to borrow funds to buy domestic capital goods nor those who want to borrow funds to buy foreign assets.

In the country of Shem, the CPI is calculated using a market basket consisting of 5 apples, 4 loaves of bread, 3 robes and 2 gallons of gasoline. The per-unit prices of these goods have been as follows. Using 2002 as the base year, what was the inflation rate between 2004 and 2005? ______ (please write a percentage number, e.g. 15%)YearApplesBreadRobesGasoline2002$1.00$2.00$10.00$1.002003$1.00$1.50$9.00$1.502004$2.00$2.00$11.00$2.002005$3.00$3.00$15.00$2.50

The banking system currently has $10 billion of reserves, none of which are excess. People hold only deposits and no currency, and the reserve requirement is 10%. If the central bank raises the reserve requirement ratio to 20% and at the same time buys $1 billion dollars of bonds, then by how much does the money supply change? ()

A. It falls by $45 billion.
B. It falls by $52 billion.
C. It falls by $55 billion.
D. None of the above is correct.

According to the classical dichotomy, when the money supply doubles which of the following double? ()

A. the price level and nominal GDP
B. the price level and real GDP
C. only real GDP
D. only the price level

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