The exchange rate between yen and dollars at one point in 2010 was 83 yen per dollar. If a Big Mac, fries, and a Coke cost $3.91 in San Francisco, how much should the same order cost in yen in Osaka?
a. 0.03
b. 325
c. 392
d. 422
b
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Examples of off-balance-sheet activities include
A) trading activities. B) extending loans to depositors. C) borrowing from other banks. D) selling negotiable CDs.
These are the cost and revenue curves associated with a monopolistically competitive firm.
According to the graph shown, area B represents:
A. deadweight loss. B. producer surplus. C. profits earned in the short run. D. consumer surplus.
Figure 9-3
?
In Figure 9-3, equilibrium GDP is
A. $2,000 billion. B. $3,000 billion. C. $4,000 billion. D. $5,000 billion.
Monetarists believe:
A. the cause-and-effect relationship hypothesized by the Keynesians understates the impact of stimulative monetary policy. B. the cause-and-effect relationship hypothesized by the Keynesians is an accurate description of how monetary policy works. C. since the economy is operating at full employment, any stimulative monetary policy will cause the inflation rate to rise. D. the cause-and-effect relationship hypothesized by the Keynesians is backwards, and decreases in the money supply actually stimulate economic activity.