Use the above figure. A leftward shift of the supply curve, ceteris paribus, would result in
A. euro depreciation.
B. dollar appreciation.
C. increasing the equilibrium quantity of euros.
D. dollar depreciation.
Answer: D
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U.S. net export spending rises when
A) the inflation rate is higher in the United States relative to other countries. B) the value of the U.S. dollar increases relative to other currencies. C) the price level in the United States rises relative to the price level in other countries. D) the growth rate of U.S. GDP is slower than the growth rate of GDP in other countries.
Suppose the Federal Reserve desires to raise the level of planned investment in the economy
It either has to hope that an improvement in business confidence shifts the rate-of-return line to the ________ , or it has to take direct action by ________ the interest rate. A) right, raising B) right, lowering C) left, raising D) left, lowering
Economic profit can be calculated as
A) total revenue - explicit costs. B) total revenue - implicit costs. C) total revenue - explicit costs - implicit costs. D) total revenue - fixed costs.
The ________ measures a worker's earnings in current dollars, or the amount on a worker's paycheck, while the ________ measures the wage in constant dollars, or the purchasing power of the worker's earnings
a. real wage; living wage b. living wage; real wage c. before-tax wage; after-tax wage d. nominal wage; real wage