Refer to Figure 29-2. Consider the market for U.S. Dollars against the British pound shown in the graph above. From this graph we can conclude that the dollar price of a British pound has ________ to ________ dollars per pound
A) decreased; 2.00 B) decreased; 0.46 C) increased; 0.50 D) increased; 2.17
D
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Within the Keynesian cross, the adjustment towards equilibrium occurs through:
A) inflation. B) inventories. C) interest rates. D) none of the above.
Explain how nonrecourse loans operate and how they help to support crop prices
A firm that generates pollution is illustrated in Figure 9.7. If the government imposes a pollution tax equal to P1, the marginal benefit to the firm of abating A2 is:
A. P1. B. P2. C. P1 - P2. D. P2 - P3.
Other things being equal, a higher saving rate
A. is associated with a decline in the rate of growth of the population. B. means higher standards of living in the future. C. leads to higher interest rates. D. means higher standards of living today.