When the U.S. dollar appreciates,
A. U.S. exports rise.
B. U.S. imports decline.
C. aggregate demand shifts inward.
D. aggregate demand shifts outward.
Answer: C
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Rational choice
A) is a choice that uses the available resources to best achieve the objective of the person making the choice. B) is always efficient. C) is what you must give up to get what you want. D) is made by comparing different incentives. E) provides the answer to only the "how" question.
If the money stock is $900 million and the reserve requirement is 20%, what is the monetary base?
A) $180 million B) $4,500 million C) $720 million D) The monetary base cannot be determined with the information given.
In the aggregate demand/aggregate supply model, an increase in a country's sustainable potential output is represented by
a. an increase in aggregate demand. b. a decrease in aggregate demand. c. an increase in long-run aggregate supply. d. an increase in the general level of prices.
The North American Free Trade Agreement established processes that have substantially reduced transborder pollution along the Mexico-U.S. border.
Answer the following statement true (T) or false (F)