In the 1990s the United States eliminated its budget deficit and expanded the money supply. This should have led to
a. lower real interest rates and a depreciation of the dollar.
b. lower real interest rates and an appreciation of the dollar.
c. higher real interest rates and a depreciation of the dollar.
d. higher real interest rates and an appreciation of the dollar.
a
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The table above shows Tom's total utility from milkshakes and sodas. Tom's total budget for milkshakes and sodas is $20.00 per week. Milkshakes cost $2.00 each and sodas cost $1.00 each. What is Tom's total utility at his consumer equilibrium?
A) 1900 units B) 2155 units C) 2266 units D) 2278 units
When we consider solving a free rider problem through changing social norms, it is helpful to remember:
A. all costs aren't financial. B. social disapproval can be considered a cost. C. conflict with those in your community can be considered a cost. D. All of these statements are true.
Common resources are goods that are excludable, rival, and prone to overuse
a. True b. False Indicate whether the statement is true or false
When two goods are perfect complements, the indifference curves are right angles
a. True b. False Indicate whether the statement is true or false