For a typical firm, fixed costs increase in direct proportion to the increases in output
a. True
b. False
Indicate whether the statement is true or false
False
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Appreciation of the Japanese yen would lead to
A. outward shift in the aggregate supply curve for Japan. B. upward shift in the aggregate demand curve for Japan. C. downward shift in the aggregate supply curve for Japan. D. downward shift in the aggregate demand curve for Japan.
The assets of a bank are its __________ of funds
A) uses B) sources C) reserves D) excess
Unemployment occurs when someone:
A. wants to work but cannot find a job. B. is not working full-time. C. should be working but chooses not to. D. has useful skills that are not being used.
In the open-economy macroeconomic model, the supply of dollars in the market for foreign-currency exchange is upward sloping
a. True b. False Indicate whether the statement is true or false