Compare 2000 with 2001. Which of the following statements is (are) true? Year Quantity Sold Price 2000 30,000 $10 2001 50,000 $20 I. Demand has increased. II. Quantity demanded has increased III. Supply has increased. IV. Quantity supplied has increased V. Supply has decreased.
A. I only
B. V only
C. I and IV only
D. I and V only
E. I, II and III only
C. I and IV only
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How will an interest rate increase in the United States affect equilibrium in the market for dollars against foreign currencies? (Assume the exchange rate is stated in terms of foreign currency per U.S. dollar.)
A) The equilibrium exchange rate will increase, and the equilibrium quantity of dollars traded will increase. B) The equilibrium exchange rate will decrease, and the equilibrium quantity of dollars traded cannot be determined. C) The equilibrium exchange rate cannot be determined, and the equilibrium quantity of dollars traded will increase. D) The equilibrium exchange rate will increase, and the equilibrium quantity of dollars traded cannot be determined.
When the government enacts policies that lead to lower mortgage lending standards and lower interest rates, their actions can indirectly lead to higher home prices
Indicate whether the statement is true or false
Supply-side policies are focused on ______.
a. short-run stabilization b. both short and long-run stabilization c. increasing long-run industry regulation d. decreasing long-run aggregate supply
The analysis of international trade suggests that trading companies earn higher than normal profits in:
A. the short run but not in the long run. B. both the short run and the long run. C. neither the short run nor the long run. D. the long run but not in the short run.