macro economics

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  • Created by: amit
  • Created on: 21-04-15 21:22

1. If a certain automotive part can be purchased in Poland for 32 zloty or in Germany for €5.25 and if the nominal exchange rate is 8 zloty per euro, then the automotive part:

  • costs more in Poland
  • is more expensive in Germany
  • is less expensive in Germany
  • is more expensive in Poland.
  • costs the same in Poland and Germany
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Other questions in this quiz

2. The measure of the cost of a standard basket of goods and services in any period relative to the cost of the same basket of goods and services in the base year is called the:

  • consumer production index.
  • cost-of-production index.
  • consumer price index.
  • cost-of-living indicator
  • consumption production index

3. An increase in the value of a currency relative to other currencies is called a(n):

  • devaluation
  • appreciation.
  • depreciation.
  • revaluation.
  • overvaluation

4. All of the following are nominal quantities EXCEPT the:

  • wages paid to workers in a restaurant.
  • cost of purchasing a new computer.
  • number of new houses built in one month.
  • price of a new car.
  • salary offered to a new college graduate.

5. In the equation Md = kY - hi, where Md is money demand, the parameter k captures _____

  • the transactions demand for money
  • the money supply
  • the total demand for money
  • the speculative demand for money
  • the effects of inflation

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