The decline in the value of the dollar from 1985 to 1988 was beneficial to
A. American tourists travelling to Europe.
B. firms importing goods into America.
C. American exporting businesses.
D. foreigners holding U.S. government bonds.
Answer: C
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If Jacqueline is willing to accept $1 for a cupcake and Jameson is willing to pay $3 for a cupcake, the cooperative surplus will ________ if the negotiated price is $1.50 as opposed to $2.00
A) increase B) decrease C) not change D) All of the above are possibilities.
A demand curve is also a willingness-and-ability-to-pay curve
Indicate whether the statement is true or false
Why doesn't the Fed have both a money supply target and an interest rate target?
A) The Fed does not control money demand. B) Short-term interest rates do not respond to changes in the money supply, which the Fed can control. C) The Fed cannot offset the impact of changes in cash management by the public or changes in lending policies of commercial banks on the money supply. D) Only the level of interest rates matters when we consider rates of growth in real GDP, employment, and rates of price inflation.
Binding price ceilings benefit consumers because they allow consumers to buy all the goods they demand at a lower price
a. True b. False Indicate whether the statement is true or false