The article on China's $4 trillion of reserves indicates that the yuan's depreciation is due to
A. Intervention of the U.S. government to cause the dollar to depreciate.
B. Intervention of the Chinese government to purchase dollars to suppress the yuan.
C. Intervention of the Chinese government into the exchange markets to purchase yuan.
D. Intervention on the part of the U.S. government to devalue the yuan.
Answer: B
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a. decreased the excess burden of the federal tax sytem b. increased the efficiency of the federal tax system c. increased the progressivity of the federal tax system d. reduced the progressivity of the federal tax system
The measure used to determine whether two products are substitutes or complements is called the: a. price elasticity of demand
b. income elasticity of demand. c. cross-price elasticity of demand. d. inverse elasticity of demand.
The components of aggregate expenditure are consumption expenditure,
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A situation in which output decreases while prices increase is often referred to as:
A. inflation. B. negative economic growth. C. a recession. D. stagflation.