Appreciation of the dollar means that now it takes more dollars to buy one unit of foreign currency
a. True
b. False
Indicate whether the statement is true or false
False
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When people reduce their rate of time preference
A) more credit is made available in the banking system. B) less credit is made available in the banking system. C) the demand for credit shifts right. D) the supply of credit shifts left.
In the figure above, what is the marginal social benefit of the 3,000,000th CD per month?
A) $11.00 per CD B) $8.00 per CD C) $6.00 per CD D) None of the above answers is correct.
Third parties can be unintentionally affected by the market activity of others
Indicate whether the statement is true or false
Two types of bias that tend to cause the CPI to overstate the "true" rate of inflation are the ________ bias and the ________ bias.
A. quality adjustment; price adjustment B. price; quantity C. aggregation; price D. substitution; quality adjustment