Which of the following is not an affect of a lower federal government budget deficit?
A. a rise in exports
B. a lower real interest rate
C. an appreciation of the currency
D. a fall in the price of foreign inputs
Ans: C. an appreciation of the currency
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To stabilize real GDP when the money demand curve shifts on its own, the Fed must change the money supply
a. True b. False
A decrease in the supply of labor could be caused by
A) wage rates falling in another industry. B) better working conditions. C) more job flexibility. D) increased wage rates in another industry.
Marginal factor cost is
A. the change in the value of output from using an additional unit of the factor. B. the cost of using an additional unit of an input. C. the total value of factor cost divided by the one cost that is being held constant. D. the cost of an additional unit of output.
Rebecca, a citizen of U.S., imported a watch from Switzerland. This transaction leads to a(n) ________
A) increase in the GNP of U.S. B) increase in the GDP of Switzerland C) decrease in the GDP of Switzerland D) increase in the GDP of U.S.