When the dollar appreciates against the euro, the euro has:
A. appreciated against the dollar.
B. depreciated against the dollar.
C. become more valuable relative to all other currencies.
D. become less valuable relative to all other currencies.
B. depreciated against the dollar.
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Until the 1940s economics tended to focus on deductive reasoning. This can be attributed to the:
A. laissez-faire approach to the economy. B. lack of computational power to analyze data. C. fact that inductive reasoning was viewed as obsolete. D. lack of quality economists.
List five ways that the creators of the U.S. Federal Reserve System set up the system to be independent from the federal government
What will be an ideal response?
An open economy is a national economy that
A) doesn't interact economically with the rest of the world. B) has a stock market that is open to traders from anywhere in the world. C) has extensive trading and financial relationships with other national economies. D) has established diplomatic relations with most other national economies.
U.S. GDP includes the market value of rental housing, but not the market value of owner-occupied housing services
a. True b. False Indicate whether the statement is true or false