Answer to Question #125728 in Macroeconomics for mary

Question #125728

16. In the short run money is neutral and in the long run money is not neutral (a) True (b) False
17. A currency is said to Depreciate if there is a fall in its market price due to market forces. As a result, the currency will buy less, foreign exchange in the foreign exchange market. (a) True (b) False
18. ……. expectation assumes that people form their expectations of inflation based on the inflation they have recently observed (a) Adaptive (b) Observed (c) Rational (d) Projected
19. The Balance of payments of a country is constructed on the principle of …. (a) Public sector accounting (b) Single-entry book-keeping (c) Reconciliation (d) Double-entry book-keeping
20. The main instruments of fiscal policy are: (a) CBN tools and Government project (b) Government expenditure and Tax rate (c) Government Budgets and Revenue (d) Interest rate and Bank rate

Expert's answer

16 False

17 True

18 Adaptive

19 (d) Double entry book keeping

20 (b) Government Expenditure and Tax rate