When supply increases and the supply curve shifts to the right, equilibrium price and equilibrium quantity will both increase
Indicate whether the statement is true or false
FALSE
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According to the short-run Phillips curve, the unemployment rate and the inflation rate are
A) negatively related. B) unrelated. C) positively related. D) unaffected by monetary policy.
In foreign exchange markets, the demand for dollars is determined: a. solely by the level of U.S. merchandise exports
b. solely by the level of U.S. merchandise imports. c. by the level of U.S. imports and the demand for foreign assets by U.S. citizens and the U.S. government. d. by the level of U.S. exports and the demand for U.S. assets by foreigners.
If Santiago thinks the last dollar spent on jeans yields less satisfaction than the last dollar spent on shoes, and Santiago is a utility-maximizing consumer, he should
a. decrease his spending on shoes. b. decrease his spending on shoes and increase his spending on jeans. c. increase his spending on jeans. d. increase his spending on shoes and decrease his spending on jeans.
Microfinance is the practice of lending ________, with no collateral, and accepting ________ savings deposits.
A. government-backed funds; government securities as B. very small amounts of money; small C. foreign currency; foreign currency as D. money electronically; electronic