Under a fixed exchange rate regime, if the domestic currency is initially overvalued, that is, below par, the central bank must intervene to purchase the ________ currency by selling ________ assets
A) domestic; foreign
B) domestic; domestic
C) foreign; foreign
D) foreign; domestic
A
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Jacinda quit her job as a blackjack dealer where she made $42,000 per year to start her own florist business. Her business expenses are $14,000 per year on rent, $21,000 per year on supplies, and $9,000 per year on part time hel
A) $104,000 B) $86,000 C) $62,000 D) $44,000
Which of the following items has the largest price elasticity of demand?
A) food B) fruit C) oranges D) oranges from a Wal-Mart SuperCenter
Which of the following correctly describes the trend in the federal budget during the 1980s?
a. Federal spending declined relative to GDP, while federal revenues rose relative to GDP. b. Federal spending rose relative to GDP, while federal revenues declined relative to GDP. c. Balanced budgets were passed though cooperation between the president and Congress. d. The dollar depreciated, thereby lowering the deficit.
The aggregate demand curve shows a ________ relationship between ________ and total quantity of output ________.
A) positive; the interest rate; demanded B) negative; the price level; supplied C) positive; the price level; demanded D) negative; the price level; demanded