A currency appreciation
A. reduces aggregate demand and increases aggregate supply.
B. reduces aggregate demand and aggregate supply.
C. increases aggregate demand and reduces aggregate supply.
D. increases aggregate demand and aggregate supply.
Answer: A
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With lags in monetary policy, an effective expansionary policy must be initiated many months ________ the start of the economic downturn it is intended to moderate, and this requires ________ economic forecasts
A) before, generating accurate B) before, ignoring C) after, generating accurate D) after, ignoring
At an interest rate of 3%, what is the present value of $1000 to be received five years from now?
A) $863 B) $1,667 C) $1,159 D) $850
If at the current level of product-specific service, consumers' value at $12 and the cost of retailers to provide the services is $12, which of the following is true?
A) the profit-maximizing level of profit-maximizing services is exactly double the current level B) the profit-maximizing level of profit-maximizing services is greater than the current level C) the profit-maximizing level of profit-maximizing services is less than the current level D) the profit-maximizing amount of product-specific services is being offered.
Heteroskedasticity means that
A) homogeneity cannot be assumed automatically for the model. B) the variance of the error term is not constant. C) the observed units have different preferences. D) agents are not all rational.