A decrease in the price level in the economy leads to
A) a leftward shift in the demand for money curve.
B) a rightward shift in the demand for money curve.
C) a leftward movement along the demand for money curve.
D) a rightward movement along the demand for money curve.
A
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All of the following are considered among the four most important determinants in explaining exchange rate fluctuations in the long run except
A) relative rates of productivity growth across countries. B) preferences for domestic and foreign goods. C) tariffs and quotas. D) interest rates.
U.S. exports:
a. rise as our GDP rises, and fall as our GDP falls b. fall as our GDP rises, and rise as our GDP falls c. are insensitive to our GDP d. have no relation to our GDP
Profit can be earned by buying _____________ and selling ____________________
A) at one price; at the same price B) low; high C) high: low D) none of the above
Refer to Figure 11-5. Curve G approaches curve F because
A) marginal cost is above average variable costs. B) fixed cost falls as capacity rises. C) average fixed cost falls as output rises. D) total cost falls as more and more is produced.