practice round 1
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| exchange rate | show 🗑
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| foreign exchange market | show 🗑
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| demand for currency | show 🗑
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| appreciate | show 🗑
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| show | when the value of a currency decreases relative to another currency; a currency depreciates when you need less of another currency to buy a single unit of a currency.
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| floating exchange rates | show 🗑
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| Current Account | show 🗑
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| show | Focuses on the change in assets. (When someone outside the US buys assets in the US/When a US citizen buys foreign assets.)
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| show | Current account+Capital account=0
(CA+FCA=0)
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| show | In China, imports of US goods will decrease (US goods are more expensive for the Chinese). In the US, imports of Chinese goods will increase (Chinese goods are cheaper)
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| show | an economy that allows the exchange of both goods and assets with other countries
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| show | The aggregate demand curve slopes downward because at a higher price level the purchasing power of consumers' wealth declines and consumption decreases.
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| Velocity of money | show 🗑
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| show | M x V= P x Y
M=Money supply
Y=Real GDP
P=Price level
V= Velocity of money
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| Money neutrality | show 🗑
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| show | a way of analyzing the impact of monetary and fiscal policy actions based on the equation of exchange
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| show | a mathematical identity that describes the relationship between the money supply and nominal GDP
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| show | an increase in money supply creates inflation and vice versa.
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| monetary policy | show 🗑
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| show | monetary policy designed to increase aggregate demand, increase output, and decrease unemployment;
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| show | monetary policy designed to decrease aggregate demand, decrease output, and increase unemployment
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| open market operations | show 🗑
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
watsonfamily
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