The decrease in the value of the dollar relative to the Japanese yen
A. increased the yen price paid and decreased the dollar price received from U.S. goods exported to Japan.
B. decreased both the yen price paid and the dollar price received from U.S. goods exported to Japan.
C. increased both the yen price paid and the dollar price received from U.S. goods exported to Japan.
D. decreased the yen price paid and increased the dollar price received from U.S. goods exported to Japan.
B. decreased both the yen price paid and the dollar price received from U.S. goods exported to Japan.
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The self-correcting property of the economy means that output gaps are eventually eliminated by:
A. increasing or decreasing potential output. B. government policy. C. decreasing inflation only. D. increasing or decreasing inflation.
Within different price ranges along a linear demand curve, elasticities are:
a. constant. b. different. c. equal. d. the same as slope. e. negative 1.
Product differentiation plays an important role in perfect competition
Indicate whether the statement is true or false
The U.S. demand for foreign currency arises from speculation and the
A. Foreign demand for U.S. goods, services, and financial assets. B. U.S. demand for foreign goods, services, and financial assets. C. Supply of goods and services from the United States. D. Foreign demand for U.S. holdings of gold.