The discovery of a new source of oil will lead to:
A. increased demand for domestic currency; depreciation of the currency.
B. increased demand for domestic currency; appreciation of the currency.
C. increased demand for a foreign currency; appreciation of the currency.
D. decreased demand for domestic currency; appreciation of the currency.
Answer: B
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Insurance can be profitable when it
A) eliminates risks. B) decreases risks. C) pools risks. D) changes the individual's marginal utility of wealth.
The output of goods and services produced in the United States has grown on average 3 percent per year since 1965
a. True b. False Indicate whether the statement is true or false
An inflationary gap exists when AD and SRAS
A) fail to intersect. B) intersect to the right of Natural Real GDP. C) intersect to the left of Natural Real GDP. D) both have a positive slope.
A good may be inferior at some income levels and normal at others
Indicate whether the statement is true or false