Starting with an exchange rate of $1 = ¥110, and a price tag of ¥30,000 for a Japanese good, what happens to the dollar price of the good if the yen appreciates by 6 percent?
A) the dollar price of the good rises from $272.73 to $289.09
B) the dollar price of the good falls from $272.73 to $256.37
C) the dollar price of the good rises from $330,000 to $349,800
D) the dollar price of the good falls from $330,000 to $310,200
E) ?the dollar price of the good rises falls from $2,700 to $2,560
A
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Which of the following is a macroeconomic decision or concept?
A) the price of oil B) how many television sets to produce C) the unemployment rate for the entire economy D) the unemployment rate for each firm
When supply-side policy is successful in pushing up equilibrium real Gross Domestic Product (GDP), the reason is that the policy generates
A) a decrease in aggregate demand. B) an increase in aggregate supply. C) a decrease in employment. D) a decrease in saving.
Figure 34-7
?
In Figure 34-7, CF has the same slope as BG. AB and CD are the production possibilities of Pestoland and Pastaland, respectively. If both countries are given the opportunity to trade at prices indicated by CF,
A. both will refuse trade. B. both will agree to trade. C. Pestoland will wish to trade, but Pastaland will not. D. Pastaland will wish to trade, but Pestoland will not.
Real income in Year X is equal to:
a. Year X nominal income x CPI. b. (Year X nominal income/Year X real output)*100 c. (Year X nominal income/Year X real GDP)*100 d. none of the above.