Label the short-run supply curve.
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Assume that Japan and the United States are engaged in a system of flexible exchange rates. One US dollar will purchase how many Japanese Yen?
For a household in a (c,c') graph, the optimal consumption bundle is
A) to the left of the endowment point. B) to the right of the endowment point. C) on the endowment point. D) dependent on other factors.
Any point inside a production possibilities curve indicates that the economy is using all its available resources and technology
Indicate whether the statement is true or false
In the open-economy macroeconomic model, as the exchange rate rises,
a. desired net exports fall, so the quantity of dollars supplied rise. b. desired net exports fall, so the quantity of dollars demanded falls. c. desired net exports rise ,so the quantity of dollars supplied falls. d. desired net exports rise, so the quantity of dollars demanded rises.