If the exchange rate rises, the quantity of dollars supplied
A) decreases, and there is movement down along the supply curve.
B) increases, and there is movement up along the supply curve of dollars.
C) increases with movement down along the supply curve.
D) does not change.
E) increases, and there is movement down along the supply curve.
B
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Elite Astin-Martin Cars offers its customers a fancy showroom and a knowledgeable sales force. If Astin-Martins Are Us opens an outlet nearby, offering cut rate prices and little service, then Elite Astin-Martin Cars will likely find
a. more customers attracted to buying Astin-Martins and its sales will increase. b. more customers visiting its showroom, but lower sales. c. fewer customers visiting its showroom and lower sales. d. fewer customers visiting its showroom but more of them making a purchase.
Which of the following is a major area of disagreement between activists and nonactivists?
a. Activists believe discretionary macroeconomic policy can be applied in a manner that will enhance economic stability. Nonactivists disagree. b. Activists believe monetary policy is more potent than fiscal policy. Nonactivists disagree. c. Activists believe changes in monetary and fiscal policy exert their effects instantaneously. Nonactivists think they work only with a substantial lag. d. Nonactivists think macroeconomic policy is sometimes motivated by the pursuit of political gain. Activists disagree.
If all firms expect greater demand for their products or services, they will hire _____ resources like labor and capital and the economy will experience _____
a. fewer; recession
b. fewer; growth
c. more; deflation
d. more; recession
e. more; growth
The term ‘u' in an econometric model is usually referred to as the _____.
A. error term B. parameter C. hypothesis D. dependent variable