When Americans decrease their demand for Japanese goods,
A) the supply of dollars will rise, and the demand for yen will rise.
B) the demand for dollars will rise, and the demand for yen will rise.
C) the supply of dollars will fall, and the demand for yen will fall.
D) the demand for dollars will fall, and the demand for yen will rise.
C
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Explain how the labor market and the production function determine potential GDP
What will be an ideal response?
Universities A and B are substitutes in the minds of many college students. Initially the student tuition at each university is the same and far below the equilibrium tuition. Then, the tuition at A is raised and B is not. As a result of a rising tuition at A, some students who would have applied and enrolled in A, apply to B instead. Based on the logic presented in one of the theories discussed
in the textbook, we would expect that A) instructors at B will begin to be less nearly punctual for office hours than they were previously. B) instructors at A will begin to be more nearly punctual for office hours than they were previously. C) instructors at B will be more nearly punctual for office hours than they were previously. D) a and b E) b and c
Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 
A. D; C B. B; C C. B; A D. D; B
A legal limit on the quantity of a foreign-made good that can be sold in domestic markets is an ______.
a. exchange rate b. import tariff c. export credit d. import quota