All of the following are benefits of the single market except ?
In the ERM, each country fixed participant Collectively the group ________ against the rest of the world?
If one country, with floating exchange rates, has higher inflation than its competitors we would expect its exchange rate to ?
Under floating exchange rates, expectations of higher interest rates are likely to cause an ____ of the exchange rate?
A fixed exchange rate, plus perfect capital mobility ________ the scope for monetary policy ?
With fixed exchange rates and no private currency flows, when the central bank buys domestic currency the domestic money supply is ?
perfect international capital mobility suggests that international funds will be responsive to ________ differentials?
A rise in the real exchange rate will ________ the competitiveness of the domestic economy?
A current account deficit means that a country may ?
If British residents want more French francs to purchase more French cloths other things equal, then the equilibrium value of the pound against the French franc will ?
If the economy is in the recessionary phase of the business cycle, aggregate demand unemployment ___ inflation ___ and the current account of the balance of payments is likely to move towards ____?
If the economy is in the expansionary phase of the business cycle, aggregate demand unemployment __ inflation ____ payments is likely to move towards ____?
If the US economy is forecast to come out of recession because military expenditure has increase then the exchange value of the UK pound will tend to ?
If currency dealers expect the value of the pound to fall, the exchange value will tend to ?
If the Pakistan receives larger than expected revenues from exports then the exchange value of its currency will tend to ?
If a nation’s interest rates are relatively low compared to those of other countries. then the exchange value of its currency will tend to ?
The price of one country’s currency in terms of another country’s currency is the ?
The record of country’s transfers of land inter-government payments and money sent by migrants to and from abroad is called its ?
The record of a country’s imports and exports of of goods and services plus net investment incomes and current transfers of money to and from abroad, is called its ?
The record of country’s imports and exports of goods is called its ?
If VAT rates rise, then costs are likely to ___ and demand is likely to ____?
Government policies that focus on changing interest rates are called ?
Government policies that focus on increasing production rather than demand are called ?
As prices rise. People will want to keep more money as cash and in bank accounts This is called ?
The demand for ice-cream is lower outside of summer causing lower demand for ice-cream salesman if they cannot find other work, this is called _______ unemployment?
Unemployment resulting from imperfect information in the labour market is called ____ unemployment?
Aggregate supply is the total amount ?
Cyclical unemployment is the ?
An individual who is not working and who has given up looking for work is classfied as ?
The labour force can be defined as ?
Reducing inflation is a more important objective than economic growth is an example of ?
Which of the following is a possible government objective as opposed to a policy ?
Which of the following can the government not use directly to control the economy ?
Which does the government not control directly ?
What is meant by an objective ?
In the EMU a country’s competitiveness can change because of ?
The Maastricht criteria for entry to the EMU are that applicants should have ?
The single European Act committed __ governments to a ________ in 1992?
The main features of the European Monetary system are ?
Fiscal policy is weak under floating exchanges rates as fiscal expansion ?
Floating exchange rates are ____ in the short run?
In the short run the level of floating exchange rates is determined mainly by ?
The competitive advantage from a devaluation is likely to be offset by __ and ________?
In the absence of international capital controls, central banks set ________ to provide the correct incentive for speculators?
Which fixed exchange rates and no private capital flows, to correct a balance of payments deficit, the central bank will __ and ________ ?
When capital mobility is perfect interest rate differentials will tend to be offset by ?
Within the circular flow of income, an increase in domestic income will tend to increase ?
Starting from a position of internal and external balance a reduction in aggregate demand will cause a current account ?
In a fixed exchange rate regime, the central the exchange rate ?
When the $/£ exchange rate rises the pound __ and when the $/£ rates falls the pound ________?
If the economy is in the though phase of the business cycle, aggregate demand unemployment inflation __ and the current account of the balance of payments is likely to move towards ________?

A monetary union means , and ?

A. permanently fixed capital movements floating exchange rates a fixed structure of interest rates
B. permanently fixed exchange rates, free capital movements, a single interest rates
C. a common currency a single central bank, common monetary policy
D. a common currency floating exchange rates common monetary policy

Correct Answer: permanently fixed exchange rates, free capital movements, a single interest rates ✔

Last Updated: June 18, 2019

A monetary union means ________, ________ and ________?

A monetary union means , and ?