When Americans increase their demand for Japanese goods
A) the demand for dollars will rise, and the demand for yen will rise.
B) the supply of dollars will rise, and the demand for yen will rise.
C) the demand for dollars will fall, and the demand for yen will rise.
D) the supply of dollars will fall, and the demand for yen will fall.
B
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The inflation rate can be obtained by ________
A) dividing the nominal GDP by the GDP deflator B) subtracting the real GDP from the nominal GDP C) multiplying the CPI by GDP D) subtracting the growth in real GDP from the growth in nominal GDP E) none of the above
The weight of empirical evidence suggests that in the United States, the real wage rate is
A) acyclical. B) bicyclical. C) procyclical. D) countercyclical.
Which is not an example of price discriminating by separating markets?
a. offering discounts for students with IDs. b. charging lower prices for airline tickets with a Saturday stay-over. c. selling 13 bagels (a "baker's dozen") for the price of 12. d. selling snowblowers at a discount in relatively warmer climates.
Large banks in the United States:
A. may not keep more than 10% of deposits in reserve. B. are required to keep between 10% and 90% of deposits in reserve. C. are not required to keep any deposits in reserve. D. must keep at least 10% of deposits in reserve.