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2012 April Past Year

Robert

Very Active Member
23 If the central bank has to intervene in the foreign exchange markets to prevent the
home currency from appreciating, then its foreign exchange reserves will:
A decrease and the domestic money supply will rise.
B decrease and the domestic money supply will fall.
C increase and the domestic money supply will rise.
D increase and the domestic money supply will fall.

May I know why the answer is C for this quest ?


25 Which of the following is least likely to lead to an increase in long run economic
growth?
A An increase in the money supply.
B An increase in capital investment expenditure.
C An increase in education expenditure.
D An increase in research and development expenditure

May I know why D is not accepted for this question ?


15 The range of output over which average variable cost falls will be the same as the
range over which:
A average physical product falls.
B average physical product rises.
C marginal physical product falls.
D marginal physical product rises.

May I know why this answer is B ?
 
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