The dollar is said to appreciate against the euro if
a. the exchange rate falls. Other things the same, it will cost fewer euros to buy U.S. goods.
b. the exchange rate falls. Other things the same, it will cost more euros to buy U.S. goods.
c. the exchange rate rises. Other things the same, it will cost fewer euros to buy U.S. goods.
d. the exchange rate rises. Other things the same, it will cost more euros to buy U.S. goods.
d
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When real GDP equals potential GDP, the quantity theory of money says that an increase in the quantity of money brings an equal percentage
A) decrease in real GDP. B) decrease in velocity. C) decrease in the price level. D) increase in the price level. E) increase in real GDP.
An oligopolist cares very much about what other firms in her industry are doing.
Answer the following statement true (T) or false (F)
What is frictional unemployment?
What will be an ideal response?
When people expect inflation, they assume that prices are going to increase at a certain rate and factor this into their decision making.
Answer the following statement true (T) or false (F)