If the dollar appreciates relative to the yen
A. there is no reason to expect either appreciation or depreciation of the yen.
B. the yen must depreciate relative to the dollar.
C. the yen may also appreciated in value.
D. the yen will appreciate only if U.S. exports to Japan exceed U.S. imports from Japan.
B. the yen must depreciate relative to the dollar.
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In the figure above, a decrease in the quantity of oil supplied but NOT a decrease in the supply of oil is shown by a movement from
A) point a to point e. B) point a to point b. C) point a to point c. D) point a to point d.
Last year, the unemployment rate was 4 percent and the inflation rate was 3 percent. If the natural rate of unemployment is 3 percent, how do you expect inflation to change?
What will be an ideal response?
Public goods are characterized by: a. rivalry in consumption
b. nonrivalry in consumption. c. excludability of nonpayers. d. none of the above
Refer to the table and information below. What is the net benefit of project D?
Assume that a government is considering a new social program and may choose to include in this program any number of four progressively larger projects. The marginal cost and the marginal benefits of each of the four projects are given in the table.
A. $1 billion
B. $3 billion
C. $4 billion
D. $20 billion