Holding other things constant, a depreciation of the US Dollar to the Kenyan Shilling might cause the demand for Shilling to _____________ and the supply for Shilling to __________
a. Increase; decrease
b. Increase, increase
c. Decrease; Increase
d. Decrease; Decrease
c
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If a consumer spends all of his or her income and the marginal utility per dollar is equal for all goods, then
A) marginal utility is maximized. B) total utility is maximized. C) a consumer could not be better off even with greater income. D) the proportion of income spent on each good must be equal.
Issuing stocks with little or nothing to back them up is described as “plowing back.”
Answer the following statement true (T) or false (F)
The diminished employment prospects for the graduates of 2002 is most likely due to the existence of a(n)
a. inflationary gap. b. significant increase in real GDP. c. shift of the aggregate demand curve outward. d. recessionary gap.
Which one of the following factors would reduce the quantity of money balances that households would want to hold?
a. higher prices b. a rise in inflation c. higher nominal interest rates d. an expansion in nominal income (nominal GDP)