The net-export effect of expansionary monetary policy is a(n)
A. appreciation of the value of the dollar and the increase of U.S. net exports.
B. depreciation of the value of the dollar and the increase of U.S. net exports.
C. appreciation of the value of the dollar and the decrease of U.S. net exports.
D. depreciation of the value of the dollar and the decrease of U.S. net exports.
Answer: B
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Use the figure below to answer the following question.
The diagram shows three supply curves for wheat. Which of the following would cause the supply of wheat to shift from S1 to S3?
A. a decrease in the price of wheat B. an increase in the cost of maintaining the equipment used in wheat farming C. an increase in the number of acres of farmland allocated to wheat D. a decrease in the cost of maintaining the equipment used in wheat farming
Understanding the impact of carbon taxes on the energy usage of individual households and firms is studied under:
A) microeconomics. B) macroeconomics. C) fiscal economics. D) financial economics.
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A) demand; demand B) demand; supply C) supply; demand D) supply; supply
If a firm is a price taker in both the input and output markets, its marginal revenue product of labor is given by:
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