The short run sequence of events following an unanticipated shift to restrictive monetary policy would be higher interest rates followed by dollar
a. depreciation, higher exports, and lower imports.
b. depreciation, lower exports, and higher imports.
c. appreciation, lower exports, and higher imports.
d. appreciation, higher exports, and lower imports.
C
You might also like to view...
If one person's consumption of a good does not preclude another's consumption, the good is said to be
A. excludable. B. rival in consumption. C. nonrival in consumption. D. nonexcludable.
Refer to Table 4-5. The table above lists the highest prices five consumers are willing to pay for a concert ticket. If the price of one ticket is $50
A) Violet's consumer surplus is $2. B) everyone will buy a ticket. C) consumer surplus will be maximized. D) no one will buy a ticket.
According to the law of one price, if the price of Colombian coffee is 100 Colombian pesos per pound and the price of Brazilian coffee is 4 Brazilian reals per pound, then the exchange rate between the Colombian peso and the Brazilian real is
A) 40 pesos per real. B) 100 pesos per real. C) 25 pesos per real. D) 0.4 pesos per real.
The change in total cost that results from the production of one additional unit is called:
a. marginal revenue. b. average variable cost. c. marginal cost. d. average total cost.