If the U.S. dollar appreciates in value relative to foreign currencies, then this will:
A. Increase aggregate demand and aggregate supply
B. Decrease aggregate demand and aggregate supply
C. Decrease aggregate demand and increase aggregate supply
D. Increase aggregate demand and decrease aggregate supply
C. Decrease aggregate demand and increase aggregate supply
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How are the following events likely to affect the market supply of rice in an economy?
a) A fall in the wage rate of farm labor b) An increase in the productivity of farm capital due to better technology c) An increase in the use of agricultural land for non-agricultural purposes
Depository institutions are the most important source of credit to
A) mutual funds. B) large businesses. C) small businesses. D) state governments.
In the short run, if a firm shuts down, its loss is equal to
a. $0 b. its variable costs c. its fixed costs d. fixed costs minus variable costs e. fixed costs minus total revenue
What is the present value of $500 promised four years from now at 5% annual interest?
A. $520.00 B. $400.00 C. $411.35 D. $607.75