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mireiajordan mireiajordan
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Posts: 543
Rep: 2 0
6 years ago
Federal Reserve Chairman Volcker's policy to fight inflation
 
  A) led to the 1981-1983 recession, but was ultimately successful.
  B) led to the 1981-1983 recession, but did not end high inflation due to beggar-thy-neighbor effects.
  C) was perfectly complemented by Reagan's decrease in fiscal spending.
  D) led to the 1981-1983 recession and foretold the economic downturn in the mid-1990s.
  E) led to an immediate depreciation of the dollar.



Question 2 - The 1991 Maastricht Treaty can be best described as
 
  A) a peace treaty between Europe and the United States.
  B) an agreement for the accession of the Netherlands into the EU.
  C) an agreement for the creation of a free trade area.
  D) a provision for the introduction of a single European currency and European central bank.
  E) the beginning of a floating exchange rate European monetary system.



Question 3 - When all changes in the world are due to
 
  A) fiscal policy, purchasing power parity holds true in the long run.
  B) monetary policy, purchasing power parity does not hold true in the long run.
  C) monetary policy, purchasing power parity holds true in the long run.
  D) monetary policy, purchasing power parity holds true even in the short run.
  E) fiscal and monetary policy, purchasing power parity holds true in the long run.



Question 4 - The most important feature of the Single European Act of 1986, which amended the founding Treaty of Rome, was dropping the requirement of
 
  A) unanimous consent for measures related to market completion and making it a decision that only Germany and France agreed about.
  B) unanimous consent for measures related to market completion.
  C) majority consent for measures related to market completion and making it a decision that only Germany and France agreed about.
  D) unanimous consent for measures related to agricultural policies only.
  E) unanimous consent for measures related only to fiscal policies.



Question 5 - By the end of the 1960s, many countries felt that they were importing inflation from
 
  A) the United States.
  B) Germany.
  C) France.
  D) Japan.
  E) the United Kingdom.



Question 6 - An inflation-prone country
 
  A) gains from vesting its monetary policy decisions with a conservative central bank.
  B) loses from vesting its monetary policy decisions with a conservative central bank.
  C) gains from vesting its fiscal policy decisions with a conservative central bank.
  D) loses from vesting its fiscal policy decisions with a conservative central bank.
  E) remains constant when vesting its fiscal policy decisions with a conservative central bank.



Question 7 - Under the EMS, Germany set the system's
 
  A) monetary policy while the other European countries pegged their currencies to the DM.
  B) fiscal policy while the other European countries pegged their currencies to the DM.
  C) monetary policy while the other European countries kept their currencies fluctuating relative to the DM.
  D) fiscal policy while the other European countries kept their currencies fluctuating relative to the DM.
  E) monetary policy, while other European countries maintained their traditional policies.
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Za_bby97Za_bby97
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6 years ago
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mireiajordan Author
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6 years ago
Brilliant
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Yesterday
Thanks for your help!!
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2 hours ago
You make an excellent tutor!
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