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 economyã
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 pricesã
Sample Solution
elation to the Aboriginal people consists of multiple horrible injustices. Originally, when the British began to colonize Australia, the goal of the British administrators of New South Wales was to absorb the Aboriginal population into white society, an ambition that was reliant on their conversion to Christianity (van Krieken, 2012). By the late nineteenth century this ambition was exchanged for the notion that the Aboriginals were a âdying race,â so that the primary focus of organized attention to them as a population group would be to âprotectâ them in the period of their final decline, to âsmooth the dying manâs pillowâ (van Krieken, 2012). Instead of dying out however, the Aboriginals began to have children with white Australians. These children were known by state administrators as the âhalf caste problemâ and were considered âa dangerous and disgusting racial hybridityâ (van Krieken, 2012). These children, who may have looked European, were thought to need rescue from the âbarbarism and moral depravityâ of the aboriginals (van Krieken, 2012). Due to this notion, these children were removed from their homes and families to be placed in foster care. In 2008, the Australian Government formally recognized its past injustice toward and mistreatment of Australiaâs Indigenous peoples, including forcible removal of children from families. However, although Australian law denies it, âIndigenous sovereignty has never been cededâ; thus colonization remains an everyday, living process (van Krieken, 2012). While many government actions in the last few decades have aimed to improve the lives of Aboriginal people, exclusion and comparative disadvantage persist. Aboriginal people and issues remain largely socially invisible. And although there have been efforts in the past few decades to decolonize and recognize the aboriginal peopleâs rights to land and self-determination, between 1996 and 2007 the Liberal-National Party government, led>
elation to the Aboriginal people consists of multiple horrible injustices. Originally, when the British began to colonize Australia, the goal of the British administrators of New South Wales was to absorb the Aboriginal population into white society, an ambition that was reliant on their conversion to Christianity (van Krieken, 2012). By the late nineteenth century this ambition was exchanged for the notion that the Aboriginals were a âdying race,â so that the primary focus of organized attention to them as a population group would be to âprotectâ them in the period of their final decline, to âsmooth the dying manâs pillowâ (van Krieken, 2012). Instead of dying out however, the Aboriginals began to have children with white Australians. These children were known by state administrators as the âhalf caste problemâ and were considered âa dangerous and disgusting racial hybridityâ (van Krieken, 2012). These children, who may have looked European, were thought to need rescue from the âbarbarism and moral depravityâ of the aboriginals (van Krieken, 2012). Due to this notion, these children were removed from their homes and families to be placed in foster care. In 2008, the Australian Government formally recognized its past injustice toward and mistreatment of Australiaâs Indigenous peoples, including forcible removal of children from families. However, although Australian law denies it, âIndigenous sovereignty has never been cededâ; thus colonization remains an everyday, living process (van Krieken, 2012). While many government actions in the last few decades have aimed to improve the lives of Aboriginal people, exclusion and comparative disadvantage persist. Aboriginal people and issues remain largely socially invisible. And although there have been efforts in the past few decades to decolonize and recognize the aboriginal peopleâs rights to land and self-determination, between 1996 and 2007 the Liberal-National Party government, led>
