BUS726

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BUS726

a tax placed on goods or set of goods exported from or imported to a country, creating an economic barrier to trade
Answer: tariff

monetary system in which a regionVs common media of exchange are paper notes that are normally freely convertible into pre set, fixed quantities sold
Answer: gold standard

An increase in the general level of prices implies a decrease in the purchasing power of
the
Answer: currency

A fundamental concept in inflation analysis is the relationship between inflation and unemployment called the
curve
Answer: philips

Debtors who have debts with a fixed nominal rate of interest will see a reduction
in the	
Inflation rate rises
rate as the
Answer: real interest

	theory holds
that economic actors look rationally into the future when trying to maximize their well being and do not respond solely to immediate opportunity costs and pressures
Answer: rational expectations

measures
average change in prices received by domestic producers for their output
Answer: producer price indices

	believe
that most the significant factor influencing inflation or defaltion is how fast the money supply grows or shrinks
Answer: monetarists

theory
argues that the value of money is determined by the assets and liabilities of issuing agency
Answer: banking theory

A	occurs when an illiquid or insolvent borrower provokes a creditor grab race and forced liquidation even though the borrower is worth more as an ongoing enterprise
occu
Answer: disorderly workout




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