If a central bank is said to be leaning against the wind, they have signaled that they will
A) intervene to reverse the current trend of their currency.
B) intervene to accelerate the current trend of their currency.
C) not intervene in the currency markets at all.
D) work together with their opposition even if it is politically difficult.
A
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Lynn owns Dust Bunnies, a cleaning company. In one week, she is able to clean 9 houses. If she hires an employee, together they are able to clean 15 houses per week
If Lynn charges $100 to clean a house, and she pays her employee $400 a week, should she hire this employee? A) Yes, because the value of marginal product of the worker is less than the wage. B) Yes, because the value of marginal product of the worker is greater than the wage. C) No, because the value of marginal product of the worker is greater than the wage. D) No, because the value of marginal product of the worker is less than the wage.
An economist builds a model by beginning with certain self-evident principles and then derives the implications of that model. What approach is this economist taking?
A. Deductive B. Experimental C. Apophatic D. Inductive
On which of the following assets are you most likely to earn interest income?
A. Cash and currency B. Checkable deposits C. Money market deposit accounts D. Gold and other precious metals E. All of these responses are correct.
Other things being constant, if the U.S. real rate of interest exceeds that of its trading partners, we expect
A) political instability in the United States. B) a worsening of the U.S. balance of payments. C) an appreciation of U.S. currency. D) that a "dirty float" will emerge.