In a flexible exchange rate system, which of the following would NOT cause the U.S. dollar to depreciate relative to the British pound?
A) a decrease in demand for British goods in the United States
B) an increase in demand for British goods in the United States
C) a decrease in British demand for U.S. exports
D) a shift to the left in the supply of British goods to the United States
A
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In a market with positive externalities, the market equilibrium quantity will be less than the efficient equilibrium quantity
Indicate whether the statement is true or false
The following are properties of the logarithm function with the exception of
A) ln(1/ x) = -ln(x). B) ln(a + x) = ln(a) + ln(x). C) ln(ax) = ln(a) + ln(x). D) ln(xa) a ln(x).
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, an increase in unemployment may be represented by the movement from
A. B to A. B. A to C. C. C to D. D. B to D.
A decrease in consumer spending can be expected to shift the:
A. Aggregate expenditures curve downward and the aggregate demand curve leftward B. Aggregate expenditures curve upward and the aggregate demand curve leftward C. Aggregate expenditures curve downward and the aggregate demand curve rightward D. Aggregate expenditures curve upward and the aggregate demand curve rightward