We would expect the euro to depreciate when there is a __________ shift in the euro demand curve or a __________ shift in the euro supply curve
A) rightward; rightward
B) rightward; leftward
C) leftward; rightward
D) leftward; leftward
C
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If the IS curve is negatively sloped and the LM curve is positively sloped
A) an increase in government expenditures will raise real GDP and lower interest rates. B) a fall in the real money supply will raise real GDP and lower the interest rate. C) an increase in taxes and an increase in money supply will lower the interest rate and give little or no change in real GDP. D) an increase in taxes and a fall in the money supply will raise the interest rate and give little or no change in real GDP.
An inflationary gap will exist when the full employment level of GDP is
a. equal to equilibrium GDP. b. greater than equilibrium GDP. c. less than equilibrium GDP. d. greater than disposable income.
High oil prices in the 1970s motivated ________ to look for oil, which was found in ________.
A. the United Kingdom; the North Sea B. Saudi Arabia; their desert C. the Soviet Union; the Ural Mountains D. the United States; Oklahoma
A profit-maximizing firm employs resources to the point where:
A. MRC = MP. B. resource price equals product price. C. MRP = MRC. D. MP = product price.