Other things equal, an appreciation of the Algerian dinar in relation to the euro will act to increase Algerian demand for European goods and to decrease European demand for Algerian goods
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Refer to the table above. The opportunity cost per dollar of value added in stitching shoes by workers in Eduland is ________
A) $0.25 B) $0.50 C) $2 D) $4
Discouraged workers are included in the
a. labor force category. b. unemployed category. c. not in the labor force category. d. employed category.
Checks are cleared internationally by:
a. First, converting them into the home currency, and then sending them to the appropriate government office (e.g., the Department of Treasury). b. Sending them to correspondent banks in the home-currency country and then clearing them through normal channels. c. Sending them to correspondent banks in the home-currency country and then clearing them through "FITS" (i.e., the Foreign International Transfer Service). d. Actually, checks are not cleared internationally. Rather, they are cleared in the country in which they are deposited. e. Sending them to foreign central banks, where they are kept until the end of the year and then settled in bulk with foreign central banks.
Suppose right now the inflation rate is 3 percent and the unemployment rate is 4 percent, but 10 months from now unemployment has dropped to 1 percent. Based on the Phillips curve, what else can you assume about the economy 10 months from now?
a. Inflation will also be 1 percent. b. Real wages will be 1 percent higher. c. Inflation will still be very near 3 percent. d. Inflation will be greater than 3 percent.