In? 2003, China's control of the value of the yuan became an economic and political issue for the U.S.? because:
A) increased U.S. exports to China.
B) decreased U.S. exports to China.
C) increased China imports from the U.S.
D) none of the above.
B) decreased U.S. exports to China.
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The demand for money ________ when the ________
A) increases; nominal interest rate increases B) decreases; price level increases C) increases; supply of money decreases D) remains constant; price level increases E) increases; price level increases
Price controls usually enhance efficiency in the allocation of resources
a. True b. False Indicate whether the statement is true or false
Demand-side changes explain everything about stagflation.
Answer the following statement true (T) or false (F)
A possible advantage of a horizontal merger for the economy is that
A) the merging firms could avoid losses. B) the merged firm might reap economies of scale which could translate into lower prices. C) the degree of competition in the industry will be intensified. D) the government stands to collect more corporate income tax revenue.