The term ceteris paribus is an economic assumption that means
A) let the buyer beware.
B) common sense is reality.
C) the detail is in the interrelationship.
D) other things being equal.
D
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The U.S. dollar exchange rate, e, where e is the nominal exchange rate expressed as Japanese yen per U.S. dollar, will depreciate when:
A. Japanese consumers increase their preference for U.S. cars. B. the U.S. Federal Reserve eases monetary policy. C. real GDP in the U.S. decreases. D. the Bank of Japan eases monetary policy.
If Taco Bell decides to produce more tacos and fewer burritos, Taco Bell is answering the ________ part of one of the two big economic questions
A) "what" B) "why" C) "when" D) "scarcity"
Three forces played a significant role in preparing Indian policy makers for economic reform. Describe them
What will be an ideal response?
Slow growth in US incomes during the 1970s and 1980s was primarily due to
a. slow productivity growth in the US. b. increased competition from Japan. c. increased competition from European countries. d. a rapid decrease in the quantity of money in the economy.