In Figure 3-4 above, the shift from Ap0 to Ap1 could have been caused by a rise in net exports of
A) 180.
B) 750.
C) 120.
D) 300.
D
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A decrease in the demand for dollars on the foreign exchange market, all else equal, will result in:
A) appreciation of the U.S. dollar and depreciation of the foreign currency. B) appreciation of the U.S. dollar and appreciation of the foreign currency. C) depreciation of the U.S. dollar and depreciation of the foreign currency. D) depreciation of the U.S. dollar and appreciation of the foreign currency.
If Ep is 2500 and Y is 3000, then companies will
A) reduce orders and production by 500. B) increase orders and production by 500. C) wait for final sales to increase. D) wait for final sales to decrease.
The three variants of cost-push inflation are (1) _____, (2) _____, and (3) ________.
Fill in the blank(s) with the appropriate word(s).
A drought causes most fruit crops to fail, decreasing the amount of available fruit. The fruitcake market would see:
A. an increase in the supply of fruitcake. B. a decrease in the supply of fruitcake. C. no change in the supply of fruitcake, but the demand would increase. D. no change in the supply of fruitcake, but the demand would decrease.