According to the classical model, an increase in the American nominal money supply would cause the nominal exchange rate to ________ and the real exchange rate to ________.
A. depreciate; remain unchanged
B. depreciate; appreciate
C. appreciate; remain unchanged
D. appreciate; depreciate
Answer: A
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When Rick uses a common resource and diminishes other people's enjoyment of it, he creates
a. a free rider problem. b. an externality. c. a nonrenewable resource. d. general knowledge.
The Troubled Asset Relief Program (or TARP) called for:
A. reductions in government spending and tax increases. B. the purchase of assets and equity from troubled financial institutions. C. increases in government spending and tax cuts. D. a return to the gold standard.
Refer to the information provided in Figure 7.11 below to answer the question(s) that follow. 
Figure 7.11
Refer to Figure 7.11. If the firm's cost of capital is $30 per unit and its cost of labor is $60 per unit, the isocost line represents a total cost of
A. $2,000. B. $3,000. C. $6,000. D. $8,000.
Define the four categories of expenditures which comprise GDP
What will be an ideal response?