Importing a foreign good increases the __________ the foreign currency and increases the __________ the currency of the importing country in the foreign exchange market
A) demand for; demand for
B) demand for; supply of
C) supply of; demand for
D) supply of; supply of
B
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Which of the following statements is TRUE?
A) The long-run aggregate supply curve is upward sloping. B) The long-run aggregate demand curve is upward sloping. C) The short-run aggregate supply curve is vertical. D) The long-run aggregate supply curve is vertical.
Those who favor passive policy making argue that all of the following exist EXCEPT
A) perfectly flexible wages and prices. B) the trade off between inflation and unemployment is not stable in the short run and is non-existent in the long run. C) pure competition is typical. D) aggregate demand shocks can influence real GDP and unemployment.
Which of the following happens as a result of a decrease in income? a. The budget line becomes steeper. b. The budget line shifts inward. c. The budget line shifts outward
d. The budget line becomes flatter.
Which statement best completes the following sentence; "The U.S. dollar is to the fifty states as the euro is to…"?
A. The National Central Banks B. The European System of Central Banks C. The European Central Bank D. The states of the European Monetary Union