A higher domestic interest rate leads to ______.
a. depreciation in the value of the dollar
b. appreciation in the value of the dollar
c. less foreign investment in the U.S.
d. less U.S. purchasing of foreign products
b. appreciation in the value of the dollar
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The 45-degree reference line indicates all points at which
A) planned real saving and planned real investment are equal. B) planned real saving and planned real saving are equal. C) planned real consumption expenditures and real GDP are equal. D) planned real consumption expenditures and planned real saving are equal.
Health insurance plans which typically reimburse doctors and hospitals with payment for each service they provide are known as
A) single-health-payer systems. B) health maintenance organizations. C) fee-for-service plans. D) preferred provider organizations.
In any economic system, scarce resources have to be allocated among competing uses. Market economies harness the forces of
a. government to allocate scarce resources. b. supply and demand to allocate scarce resources. c. credit cards to allocate scarce resources. d. nature to allocate scarce resources.
Which of the following best describes the notion of full employment?
(a) Less than 5% of the labour force is unemployed; (b) The current level of employment that is sustainable; (c) Employment and unemployment are at their "natural" rates; (d) All of the above could describe it.