If the U.S. dollar depreciates relative to the Russian ruble, the ruble:
A. will be less expensive to Americans.
B. may either appreciate or depreciate relative to the dollar.
C. will appreciate relative to the dollar.
D. will depreciate relative to the dollar.
C. will appreciate relative to the dollar.
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A recessionary gap occurs when ________ so that real GDP is ________ potential GDP
A) aggregate demand decreases; less than B) aggregate supply decreases; less than C) potential GDP decreases; greater than D) aggregate demand increases; greater than E) aggregate supply increases; less than
Which of the following is a fixed cost for ACME manufacturing?
A) wages paid to labor B) the annual fire and theft insurance premiums C) the utility bill D) raw material costs E) the cost of shipping its product to market
Based on the transactions in the above table, what is the change in the U.S. capital account?
A) $9,800 B) $10,000 C) -$20,000 D) -$20,200
During a certain year, the consumer price index increased from 120 to 132 and the purchasing power of a person's bank account increased by 4 percent. For that year,
a. the nominal interest rate was 6 percent. b. the nominal interest rate was 14 percent. c. the inflation rate was 12 percent. d. the inflation rate was 9 percent.