Suppose that prices in Japan increase by 8 percent while prices in the United States remain stable. We would expect that the result would be that in the foreign exchange market ___________________________, ?ceteris paribus?
A) the dollar will appreciate and the yen will depreciate
B) the dollar will depreciate and the yen will appreciate
C) both the dollar and the yen will appreciate
D) both the dollar and the yen will depreciate
A
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In 1939 the U.S. economy was operating at point ________.
A. A
B. B
C. C
D. D
For a firm to maximize total profits through price discrimination, it should
a. charge a low price to high-value consumers and a high price to low-value consumers b. charge a high price to high-value consumers and a high price to low-value consumers c. charge a low price to high-value consumers and a low price to low-value consumers d. charge a high price to high-value consumers and a low price to low-value consumers
The real wealth effect is one reason for the negative slope of the aggregate demand curve
a. True b. False Indicate whether the statement is true or false
Economist C says all of the following: Expansionary fiscal policy is needed to raise aggregate demand and remove the economy from a recessionary gap. The choice of fiscal policy measures is between ________________ government spending and a _______________ in taxes. Since I am in favor of bigger government, I choose a(n) _________________ in _________________
A) less; decrease; increase; government spending B) more; decrease; increase; government spending C) less; rise; decrease; government spending D) less; reduction; increase; taxes E) b or d