If a U.S. importer has to write a $200 check to cover a 20,000 yen purchase from Japan, the exchange rate is
A. 200 yen to a dollar.
B. 100 yen to a dollar.
C. 20 yen to a dollar.
D. 10 yen to a dollar.
B. 100 yen to a dollar.
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Airline regulation by the CAB kept prices the same on any route and also set prices high. This led airlines to offer high quality service, which raised costs to the level of prices
Indicate whether the statement is true or false
Whenever the general level of prices rises because of continual increases in aggregate demand, we say that the economy is experiencing
A) supply-side inflation. B) monetary stagflation. C) demand-side inflation. D) aggregate supply shock.
Variable costs increase when output rises
a. True b. False Indicate whether the statement is true or false
Which of the following is a stock variable:
a. Income b. Money supply c. Investment d. Profits