The chief cause of short-run changes in exchange rates is
A. the world’s political situation.
B. “hot money” chasing high interest rates.
C. changes in consumer tastes.
D. central bank interventions.
Answer: B
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Claire works fifteen hours a week at a dry cleaning shop. Dustin is retired and living in a retirement home. Who is officially "unemployed"?
A) Claire B) Dustin C) Claire and Dustin D) neither Claire nor Dustin
If there is an increase in the demand for U.S. automobiles, the
A) demand for dollars will fall. B) demand for dollars will rise. C) supply of dollars will fall. D) supply of dollars will rise.
De Soto's The Other Path encourages poor countries to use their development policies to do all of the following except
A. Enforce laws to safeguard property. B. Encourage population growth. C. Reduce regulations. D. Encourage entrepreneurship.
How does the U.S. unemployment rate generally behave during expansionary periods?
a. It rises. b. It falls. c. It remains constant. d. It fluctuates rapidly.