In describing the economic setting in the real goods market, which of the following economic measures is the most helpful?
a. Current unemployment rate and labor force participation rate
b. Annual inflation rate during the past year
c. Current real exchange rate
d. Percentage change in nominal GDP during the past year
e. Current nominal exchange rate
.A
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Which of the following is a likely consequence of a fall in private investment?
A) Mortgage defaults fall. B) Asset prices rise. C) Labor supply falls. D) Consumption falls.
Ceteris paribus, a rise in interest rates in the United States will cause the yen price of the dollar in international exchange markets to ________. I.e., the dollar ________ in value against the yen
A) increase; depreciates B) decrease; depreciates C) decrease; appreciates D) increase; appreciates
Refer to the figure above. If the relative price of T were to increase, then the price line would
A) shift out in a parallel fashion. B) shift in a parallel fashion. C) become steeper. D) become flatter.
A perfectly competitive firm's total revenue curve
a. is a horizontal line b. is a vertical line c. is constant d. has a negative slope e. has a constant positive slope