One implication of an empirical investigation of the Marshall-Lerner condition is that, in the ________, a real ________ in a nation's currency is likely to ________ the country's current account balance. ( )
A: long-run; appreciation; improve
B: short-run; depreciation; improve
C: long-run; depreciation; improve
D: short-run; appreciation; improve
A: long-run; appreciation; improve
B: short-run; depreciation; improve
C: long-run; depreciation; improve
D: short-run; appreciation; improve
举一反三
- The Marshall-Lerner condition holds that a country's current account balance will ________ in response to a real ________ in a nation's currency if ________. ( ) A: worsen; depreciation; sum of the price elasticities of export and import demand exceeds 0 B: improve; depreciation; sum of the price elasticities of export and import demand exceeds 1 C: improve; appreciation; sum of the price elasticities of export and import demand exceeds 0 D: worsen; depreciation; sum of the price elasticities of export and import demand exceeds 1
- The measures that can be taken to reduce the current account deficit or improve the current account balance are ( ). A: Reducing consumption or investment expenditure B: Depreciation of the local currency exchange rate C: Cutting government expenditure D: Appreciation of the exchange rate of the local currency
- "Diseconomies of scale" occur in ( ) A: the long run, but not the short run. B: the short run, but not the long run. C: both the short run and the long run. D: neither the short run nor the long run.
- Which of the following is accurate? A: Monetary policy is neutral in both the short run and the long run. B: Though monetary policy is neutral in the long run, it may have effects on real variables in the short run. C: Monetary policy has profound effects on real variables in both the short run and the long run. D: Monetary policy has profound effects on real variables in the long run, but is neutral in the short run.
- It pays ______ to buy goods of high quality. A: in the long run B: in the short run C: at a run D: on the run