1- The Breton Woods exchange rate mechanism can be thought of as a gold exchange standard
2- When in a liquidity trap, it is difficult for a country to affect the exchange rate using monetary policy.
3- The classical dichotomy refers to a case where money demand and money supply should be analyzed separately
4- Under the assumption of super neutrality of money, fully anticipated inflation has no welfare cost
5-In the theory of optimum currency areas, the monetary efficiency gain refers to the advantage that individual member countries of a monetary union can no longer engage in competitive devaluations
6- In an open economy a reduction in the government deficit should be accompanied with an improvement of current account
7- Even an economy with limited financial participation, monetary policy may influence the real economy。
8-In Lucas misperception model, unanticipated monetary policy shocks have real effects due to asymmetrical information
9- More frequent switching from bonds to money will result in a higher opportunity cost of holding money and lower money management costs
10- If people think that interest rates are above normal levels, they will want to hold bonds in anticipation of a rise in bond prices。
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