Exam 23: International Finance

As a result of contractionary monetary policy,the open-economy outcome,compared to the closed-economy outcome,features a ___________ fall in Real GDP and a ____________ fall in the price level.

The average tariff rate in the US today is about 40 percent,but it was only 1.6 percent in 1946.

Globalization is closely aligned with which of the following?

If U.S.real interest rates fall,international repercussions put _________________ pressure on the price level and __________________ pressure on Real GDP in the United States.

According to the textbook,some people refer to the period from ___________________ as the First Era of globalization.

According to the KOF Swiss Economic Institute's globalization indices for the world,globalization

If an economy's exports are $560 billion and its net exports are -$130 billion,its imports are

If the United States buys inputs from France and the dollar appreciates relative to the euro,then Americans will have to pay ________________ for foreign inputs,and the U.S.SRAS curve will shift __________________.

One study from the United Kingdom (cited in the textbook)showed that almost ______ times as many firms that faced global competition reported innovations in product or process compared to firms that did not face global competition.

Dollar depreciation raises United States Real GDP when the __________ shift of the AD curve exceeds the _________________ shift of the SRAS curve.

Suppose the supply of Malaysian rubber increases.If U.S.producers purchase this rubber as an input,in the United States,this would cause a

According to the textbook,in which of the following countries was tipping found to occur very infrequently?

Some of the benefits of globalization include

When the United States moves upward along the J-curve,it is because a depreciation of the dollar is having the _____________ effect of _____________ the number of dollars spent on imports.

If Japan's Real GDP rises,this tends to _________________ United States exports,shifting the United States AD curve to the __________________.

In 1946 the average tariff rate in the United States was around ___________ percent,while the average tariff in 2012 was about ____________ percent.

The United States SRAS curve may shift to the left if we ____________________ Malaysia and the dollar ________________ against the Malaysian ringgit.

In 2000,the top 100 transnational companies produced about _____________ percent of the entire world's output,which was approximately as much as what ________________ produced that year.

Which of the following statements is true?

A rise in the price of foreign inputs leads to a