If the exchange rate changes from 148 Kazakhstan tenge per dollar to 155 Kazakhstan tenge per dollar, the dollar has
a. appreciated. Other things the same, it now takes fewer dollars to buy Kazakhstani goods.
b. appreciated. Other things the same, it now takes more dollars to buy Kazakhstani goods.
c. depreciated. Other things the same, it now takes fewer dollars to buy Kazakhstani goods.
d. depreciated. Other things the same, it now takes more dollars to buy Kazakhstani goods.
a
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A point on the supply curve can illustrate the
A) price and the corresponding quantity supplied. B) marginal cost of that unit of the good. C) price the consumer is willing to pay. D) Both answers A and B are correct. E) Both answers A and C are correct.
Microeconomics is concerned with the study of
A) the effects of inflation. B) the effects of government spending. C) the effects on individual producers of higher wages paid to workers. D) aggregates.
The process of buying financial assets to stimulate the economy when the central bank target interest rate is near or at zero and the interest rate cannot be lowered further is called:
a. bond-trading. b. quantitative bidding. c. open market purchase. d. quantitative easing. e. open market sale.
If your disposable income increases from $10,000 to $15,000 and your consumption increases from $9,000 to $12,000, your marginal propensity to consume is:
A.0.8 B.0.6 C.0.4 D.0.2