Which of the following would be expected to increase the demand for U.S. currency?
A. Political instability rises dramatically in developing nations.
B. On-line banking allows customers to transfer funds between checking and stock mutual funds 24 hours a day.
C. The economy enters a recession.
D. Competition among brokers forces down the commission charge for selling bonds or stocks.
Answer: A
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The manager of a gas station noticed that when prices in the convenience store of the gas station decreased, gas sales increased. This could possibly be because the convenience store products are
a. usually complements to the gas sales b. usually substitutes to the gas sales c. usually unrelated to the gas sales d. none of the above
We observe a profit-maximizing firm hiring its 75th employee. It is possible to infer that, when 74 employees are hired, the
a. wage exceeds the value of the marginal product of labor. b. value of the marginal product of labor exceeds the wage. c. marginal product of labor is increasing. d. firm is attempting to increase its market share.
If a euro costs $1.25 today, and it costs $1.50 tomorrow, what has happened to the dollar-euro exchange rate?
a. Both the dollar and euro have depreciated. b. The dollar has appreciated and the euro has depreciated. c. The dollar has depreciated and the euro has appreciated. d. Both the dollar and euro have appreciated
Juanita quit her job to move to Santa Fe to be closer to her family. She is actively looking for a new job in Santa Fe. Juanita is considered
A) frictionally unemployed. B) structurally unemployed. C) not to be unemployed. D) cyclically unemployed.