Consider the graph above. As the line declines from its peak in early March (after it hits 120), the ruble is said to be: A) appreciating B) depreciating
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Consider the graph above. As the line declines from its peak in early March (after it hits 120), the
ruble is said to be:
A) appreciating
B)
Step by step
Solved in 3 steps
- 15. When an SME’s functional currency is the currency of a hyperinflationary economy, a. all amounts in the financial statements shall be stated in terms of the measuring unit current at the end of the reporting period. b. some amounts in the financial statements shall be stated in terms of the measuring unit current at the end of the reporting period. c. all amounts for monetary assets and liabilities in the financial statements shall be restated using the general price index, rather than the specific price index. d. none of these. The PFRS for SMEs does not address this matter.Under a credible system offixed nominal exchangerates...A.The Central Bank can adjustthe interest rate as it deemsappropriate for smoothingdomestic outputfluctuationsB.Domestic inflation will beapproximately equal to theinflation rate of the countryto which the domesticcurrency is peggedC.Public debt can bemonetised, i.e. viagovernment bonds boughtby the Central Bank againstnewly created moneyD.All of these optionsE.None of these optionsDiscuss Fiat, Seingiorage and Petro Dollar
- Why is the constant dollar often used by companies?There is currently a political and academic controversy whether or not stimulus packagesagainst the Covid-induced economic recession will cause inflation. Professor OlivierBlanchard has warned that the stimulus package of the US-administration may lead toinflation in the US. However, he does not see inflation dangers emanating from stimulusprograms in the Eurozone. The Next Generation EU program is not only considered to be a stimulus program but also tobe a growth program, which by spending on infrastructure and climate-related investmentsis expected to lead to an increase in potential output.Analyze in an AD-AS model the impact of economic growth on actual GDP and the pricelevel. Also elaborate on the role that an additional demand stimulus could play..Why do you think currencies of countries with high inflation rates tend to have forwarddiscounts?
- Explain the essence of IS-LM-BP model and equilibrium in the model! Explain what happens if goods and money market equilibrium does not correspond with open economy equilibrium in the case of fix ER regime!explain how demand and supply would change when the is a depreation in the NairaIn early 2017, policymakers at the Federal Reserve forecast that real GDP during 2017 would increase faster than potential GDP and that the inflation rate for the year would be about 1.9 percent. Source: Federal Open Market Committee, "Advance Release of Table 1 of the Summary of Economic Projections to be Released with the FOMC Minutes," March15, 2017. Fill in the missing values in the table with estimates that are consistent with these forecasts. Assume that the growth rate for real GDP between 2016 and 2017 is 0.32 percentage points higher than the percentage change in potential output between those years (rounded to two decimal places). 2016 2017 Real GDP $16.7 trillion $nothing trillion Potential GDP $16.9 trillion $17.1 trillion GDP Deflator 111.5 nothing (Enter your responses rounded to one decimal place.)
- What does it mean to say that a currency appreciates? Depreciates? Becomes stronger? Becomes weaker?Can you think of any major disadvantages to dollarization? How would a central bank work in a country that has dollarized?Why are inflationary dangers lower in the high-income economies than in low-income and middle-income economies?
