A change in the exchange rate for a country's currency alters the prices of
A. Exports only.
B. Imports only.
C. Both exports and imports.
D. Only domestic goods and services.
Answer: C
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With limited exceptions, all Israeli citizens over the age of 18 are required to serve in the Israeli military. This is an example of
A) compulsory volunteerism. B) coalition building. C) bargaining. D) eminent domain.
The Fed has complete control over the money supply
Indicate whether the statement is true or false
If a dollar spent on capital yields less marginal revenue product than labor, the profit of the firm is reduced if it hires less capital than labor
a. True b. False Indicate whether the statement is true or false
An increase in the natural rate of unemployment shifts the short-run Phillips curve to the _____. If the central bank sees the increase in the unemployment rate, but thinks the natural rate has remained the same and so wants to reduce unemployment, it would ________ the money supply growth rate. If it maintains this money supply growth rate, eventually the short run Phillips curve will shift
_____ and unemployment will be _____. Fill in the blank(s) with correct word