If for some reason U.S. residents increase their purchases of foreign assets, then all else constant which curve in the market for foreign-currency exchange shifts and which direction does it shift? What happens to the exchange rate?
The supply of dollars shifts right causing the exchange rate to fall.
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The Herfindahl-Hirschman Index is calculated by ________
A) adding the market share of each firm in the market and squaring the resulting number B) squaring the market share of each firm competing in the market and then summing the resulting numbers C) adding the number of firms in the market and squaring the resulting number D) adding the profit earned by each firm in the market
Given the information and assuming trade occurs between the three states, we can expect:
A. that there is no means by which Michigan can obtain lettuce while specializing in the
production of autos.
B. that money will not be needed to accomplish the desired exchanges.
C. money to flow counterclockwise from Michigan to Texas to Washington.
D. money to flow clockwise from Michigan to Washington to Texas.
The Federal Reserve came into existence in response to
A. a fear of a post-World War II depression. B. the inflation of the Civil War. C. the depression of the 1930s. D. the boom and bust nature of the late-19th and early-20th century.
After a temporary beneficial supply shock hits the economy, general equilibrium is restored by
A) a shift down and to the left of the IS curve. B) a shift to the left of the FE line. C) a shift up and to the left of the LM curve. D) a shift down and to the right of the LM curve.