An increase in the U.S. demand for foreign exchange will cause a(n)
a. increase in the price of foreign exchange, which is a depreciation of the U.S. dollar, making foreign goods cheaper to U.S. residents
b. increase in the price of foreign exchange, which is a depreciation of the U.S. dollar, making foreign goods more expensive to U.S. residents
c. decrease in the price of the U.S. dollar, which is an appreciation of the U.S. dollar
d. increase in the price of foreign exchange, which is an appreciation of the U.S. dollar
e. decrease in the price of foreign exchange, which is an appreciation of the U.S. dollar
B
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According to Figure 6.1, the average annual rate of growth of the U.S. economy in the period 1948-73 equalled ________
A) 1.8 percent B) 4.0 percent C) 39 percent D) 697 percent
A progressive income tax system is particularly effective as an automatic stabilizer because
A. In a booming economy, taxpayers move into higher tax brackets, which restrains their spending. B. During a recession, it causes the budget deficit to fall. C. It falls more heavily on taxpayers with high MPCs, which stimulates aggregate demand. D. It reduces demand when income falls.
Equilibrium price in international trade is the common price between exporting and importing countries.
Answer the following statement true (T) or false (F)
Describe the difference between technology and positive technological change
What will be an ideal response?