The aggregate supply curve shows the relationship between the:
A. unemployment rate and total production by firms.
B. overall price level in the economy and the unemployment rate.
C. inflation rate and the overall price level in the economy.
D. overall price level in the economy and total production by firms.
Answer: D
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Based on this figure, if an exchange rate of $0.09 dollars per Norwegian krone is maintained, the Norwegian government will gain (in dollar) ________ worth of international reserves per period.
A. 495 B. 5,500 C. 220 D. 605
The ________ the marginal propensity to import, the ________ the multiplier
A) larger; more negative B) larger; smaller C) smaller; smaller D) larger; larger E) None of the above is correct, because the expenditure multiplier is not related to the marginal propensity to import.
What is the expected dollar rate of return on dollar deposits if today's exchange rate is $1.10 per euro, next year's expected exchange rate is $1.165 per euro, the dollar interest rate is 10%, and the euro interest rate is 5%?
A) 10% B) 11% C) -1% D) 0% E) 15%
When World War II ended, the new era of globalization began
Indicate whether the statement is true or false