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Please just answer the multiple choice question. No further explanation is needed, wanted, required. Thank you. Suppose Australian dollar decreases in value relative to other

Please just answer the multiple choice question. No further explanation is needed, wanted, required. Thank you.

Suppose Australian dollar decreases in value relative to other currencies. One would expect to the following in the Australian economy

Select one:

a.none of the answers is correct

b.growth rate of GDP to decrease.

c.increase imports.

d.decrease in exports.

Monetary policy response to the Coronavirus crisis in Australia can be expected to

Select one:

a.prevent, among other things, large increase in unemployment

b.all answers are correct

c.slow down aggregate demand growth

d.cause, ceteris paribus, Australian dollar to appreciate

The inflation rate

Select one:

a.all of the given answers are correct

b.is equal to the percentage change in the price level between time periods.

c.will always be lower during a recession

d.cannot be negative

A country imports $15 billion worth of goods and services, while its sales of goods and services to other country is $18 billion. If it's net primary income is $4 billion and net secondary income is $1 billion then it has

Select one:

a.$6 billion surplus in its current account.

b.$11 billion surplus in its current account.

c.$8 billion surplus in its current account.

d.deficit of $38 billion in its current account.

What would be the best definition of the balance of payments?

Select one:

a.summary record of a country's purchases and sales of goods and services on international trade markets.

b.record of the value of goods and services bought and sold between countries.

c.measure of the value of merchandise goods bought and sold on international trade markets.

d.summary record of a country's financial transactions with other countries.

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