If the economy is suffering a recession, inventories are probably falling
a. True
b. False
Indicate whether the statement is true or false
False
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Since the passage of the International Banking Act of 1978, the competitive advantage enjoyed by foreign banks in the U.S. has been
A) reduced. B) mildly expanded. C) completely eliminated. D) greatly expanded.
One of the reasons the velocity of M1 has risen over the long-run is
A) increased economic uncertainty. B) growth in the money supply. C) new techniques of cash management by corporate treasurers. D) an increase in the demand for money.
A price-discriminating monopolist will equate
A) price and marginal cost in each market. B) price and marginal revenue in each market. C) marginal revenue and marginal cost in each market. D) average revenue and marginal revenue in each market.
As the dollar exchange rate, e, decreases, the quantity of dollars supplied in the foreign exchange market ________, and the quantity of dollars demanded in the foreign exchange market ________.
A. increases; increases B. decreases; increases C. decreases; decreases D. increases; decreases