If the official gold value of the Australian dollar changes from 470 Australian dollars per ounce to 493 Australian dollars per ounce, we can say that the Australian dollar has appreciated in value
a. True
b. False
Indicate whether the statement is true or false
False
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Using the data in the above table, and assuming constant opportunity costs, it is likely that
A) the United States will import food. B) Mexico will export cloth. C) the United States will export both cloth and food. D) Mexico will export both cloth and food.
In the money market, an increase in money supply will: a. increase the demand for money at each interest rate
b. decrease the demand for money at each interest rate. c. encourage people to exchange money for interest-bearing assets. d. encourage people to exchange interest-bearing assets for money. e. increase the interest rate.
Total variable costs
A) initially increase as output increases and then decrease. B) always decrease with output. C) always increase with output. D) initially decrease and then increase with output.
Which of the following macroeconomic variables is the most seasonally procyclical?
A) Expenditure on services B) The unemployment rate C) Expenditure on durable goods D) The real wage