The recession of 2007-2009 decreased the demand for imports in Japan, which caused the ________ curve for the yen to shift to the ________, increasing the exchange rate and the value of the yen
A) supply; right
B) supply; left
C) demand; right
D) demand; left
Answer: B
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High levels of inflation ________ the real value of money and, hence, ________ short-run equilibrium output.
A. reduce; increase B. increase; decrease C. increase; increase D. reduce; decrease
Which of the following is an example of wealth?
A. A yearly salary of $40,000 B. A mutual fund balance of $1,000 C. Rental payments of $3,000 per month D. Stock dividends of $500 per quarter
Refer to the saving schedule above. Dissaving occurs when disposable income is:
A. Equal to level 2
B. Less than level 2
C. Greater than level 2
D. Equal to level 3
Refer to the above figure. The top two arrows of the figure refer to the product markets. The bottom arrows refer to the factor markets. Which arrow represents total income?
A) Arrow A B) Arrow B C) Arrow C D) Arrow D