China has a current trade surplus and considering only the direct effect on income, if the Chinese National bank used expansionary monetary policy, the policy would tend to: A. decrease the exchange rate and increase the trade surplus. B. increase the exchange rate and increase the trade surplus. C. decrease the exchange rate and decrease the trade surplus. D. increase the exchange rate and decrease the trade surplus.
China has a current trade surplus and considering only the direct effect on income, if the Chinese National bank used expansionary
A. decrease the exchange rate and increase the trade surplus.
B. increase the exchange rate and increase the trade surplus.
C. decrease the exchange rate and decrease the trade surplus.
D. increase the exchange rate and decrease the trade surplus.
The recent increase in the Fed Funds rate at the direction of the Federal Reserve tends to:
A. lower U.S. prices, make exports more expensive relative to imports, and lower the value of the dollar.
B. lower U.S. prices, make exports cheaper relative to imports, and raise the value of the dollar.
C. raise U.S. prices, make exports cheaper relative to imports, and raise the value of the dollar.
D. raise U.S. prices, make exports more expensive relative to imports, and lower the value of the dollar.
one Of the four choices below, which causes a shift in the Supply of dollars to the right?
A. An expansionary fiscal policy that raised U.S. income and increased U.S. imports.
B. An expansionary fiscal policy that raised U.S. income and reduced U.S. imports.
C. A contractionary fiscal policy that reduced U.S. income and lowered U.S. imports.
D. A contractionary fiscal policy that reduced U.S. income and increased U.S. imports.
In April 2022 theFederal Reserve boosted its target for the Federal funds rate for the first time in 14 years, increasing it from a 10-year low of .25% to 4.25%. What role did the Biden Administration have in this decision?
A. None; the Fed is not accountable to the executive branch of government.
B. Some; most but not all of the people who voted for this change are appointees of the Bush Administration.
C. Considerable; if the Bush Administration were unhappy with the decision, it could force the resignation of those who voted in ways it did not like.
D. Total; policy makers at the Fed serve at the pleasure of the President.
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