A headline reads "Good weather increases the lettuce crop." This situation would lead to a(n):
a. Decrease in the price of lettuce and an increase in the quantity purchased
b. Increase in the price of lettuce and quantity purchased
c. Decrease in the price of lettuce and decline in quantity purchased
d. Increase in the price of lettuce and decrease in quantity purchased
a. Decrease in the price of lettuce and an increase in the quantity purchased
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As a currency depreciates:
A) exports increase and imports decrease. B) exports decrease and imports increase. C) exports increase and imports increase. D) exports decrease and imports decrease.
Recall the Application about the factors involved in causing recessions, and the causes of recessions in the United States from 1893 to 1990 to answer the following question(s).Recall the Application. Recessions can occur either when there is a(n) ________ in aggregate demand or a(n) ________ in aggregate supply.
A. increase; increase B. increase; decrease C. decrease; decrease D. decrease; increase
If a country moves from fixed to flexible exchange rates, its macroeconomic policy
A. is restricted, as it can only use fiscal policy to achieve its economic goals. B. must follow policy directives from the IMF. C. is restricted, as it can only use monetary policy to achieve its economic goals. D. is no longer restricted.
The discount rate serves as a ceiling on interbank reserve loans
a. True b. False Indicate whether the statement is true or false