Today the U.S. dollar is worth 1.5 Canadian dollars. Because of changes in economic conditions, people come to believe that by the end of the month the U.S. dollar will be worth 1.2 Canadian dollars. This belief
A) increases the demand for U.S. dollars today.
B) decreases the demand for U.S. dollars today.
C) decreases the demand for Canadian dollars today.
D) decreases the value of exports to Canada.
B
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The price chosen by a monopolist:
A) maximizes social surplus. B) maximizes consumer surplus. C) is dependent on the production of other firms. D) is independent of the production of other firms.
The yield to maturity on a new one-year discount bond equals
A) (F V- P)/P. B) (D - FV)/P. C) (FV - P)/FV. D) (P - FV)/FV.
An individual labor-supply curve represents:
A. a worker's decisions around how many hours to work at each alternative wage. B. the decisions of all workers around how many hours to work at each alternative wage. C. a firm's decisions around how many hours to hire at each alternative wage. D. the decisions of all firms around how many hours to work at each alternative wage.
Which of the following is a valid statement?
a. Required reserve ratio = required reserves as a percentage to total deposits. b. Required reserves = the maximum reserves required by the Fed. c. Excess reserves = total reserves plus required reserves. d. All of these.