If the Reserve Bank of Australia sells bonds and securities in the open market, this is likely to lead to a ______ in interest rates and a(n) _______ of the Australian dollar.
Fill in the blank (s) with the appropriate word(s)
Answer: rise ; appreciation
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An individual's labor supply curve shows
A) the maximum wage rates offered to that individual by various potential employers. B) the relationship between wages and the quantity of labor that a firm is willing to employ. C) the relationship between wages and the quantity of labor that she is willing to supply. D) the relationship between the quantity of hours worked and total income earned by that individual.
An increase in the U.S. government budget deficit shifts the
a. demand for loanable funds right and decreases investment spending. b. supply of loanable funds right and increases investment spending. c. supply of loanable funds left and decreases investment spending. d. None of the above is correct.
Academic institutions frequently talk about academic excellence and how they have superior programs in everything. "If it is not top quality it will not be offered here" seems to be the theme of many college catalogs. Explain, on the basis of material in this chapter, why this public relations noise is not believable.
What will be an ideal response?
Refer to the graph shown. Which of the following curves demonstrates a perfectly inelastic demand curve?
A. A B. B C. C D. None of the curves