A depreciation of one's currency means that:
A. the country's exports will become more expensive.
B. the country's imports will become more expensive.
C. the country's imports will become less expensive.
D. it now requires less of this currency in exchange for one unit of another currency.
Answer: B
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In the expansion phase of a business cycle
A. the inflation rate and productive capacity decrease. B. employment increases, but output decreases. C. the inflation rate decreases, but productive capacity increases. D. employment and output increase.
In the United States today, economists estimate that the natural rate of unemployment is between ________ and ________ percent
A) 3; 5.5 B) 3; 4 C) 6.5; 7.5 D) 5; 6.5
When there is a shortage of dollars in the foreign exchange market, the
A) U.S. exchange rate will appreciate. B) supply curve of dollars shifts rightward to restore the equilibrium. C) demand curve for dollars shifts leftward to restore the equilibrium. D) U.S. exchange rate will depreciate. E) supply curve of dollars shifts leftward to restore the equilibrium.
Marginally attached workers fall into which of the following population categories?
A) employed B) unemployed C) labor force D) not in the labor force