Exchanging dollars for euros to pay a computer manufacturer in Belgium would occur
A. in the foreign exchange market.
B. at the Federal Reserve.
C. in the letter of credit market.
D. at the European Central Bank.
Answer: A
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Starting from potential output, if consumer confidence increases and consumers decide to spend more, then this will generate a(n) ________ gap and inflation will ________.
A. recessionary; increase B. expansionary; decrease C. expansionary; increase D. recessionary; decrease
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
A tax on firms for polluting will be most effective in reducing pollution at low cost if the tax
A) is levied on a one-time, lump-sum basis. B) per unit of pollutant is constant. C) per unit of pollutant is lower for low polluting firms. D) per unit of pollutant is proportioned to profits or ability to pay.
All of the following cause a shift in the demand curve EXCEPT a change in the
A) price of related goods. B) price of the good or service. C) consumer income. D) number of consumers.