When the exchange rate between the U.S. dollar and the euro changes from 1.00 euro per dollar to 1.30 euros per dollar, then the
A) euro has depreciated against the euro.
B) U.S. dollar has depreciated against the euro.
C) U.S. dollar has depreciated against the dollar.
D) euro has appreciated against the dollar.
E) U.S. dollar has appreciated against the euro.
E
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Refer to Scenario 1-3. Using marginal analysis terminology, what is another economic term for the incremental revenue received from the sale of the last 400 t-shirts?
A) sales revenue B) marginal revenue C) gross earnings D) gross profit
When a one-percent change in price is accompanied by a larger percent change in quantity demanded,
a. demand is inelastic b. supply is elastic c. the good is a normal good d. the good is an inferior good e. demand is elastic
Which one of the following was designed to create greater equality in debt holdings?
a. savings bonds b. 30-year Treasury securities c. 3-month Treasury bills d. 2-year Treasury note e. sales taxes
An important feature of the internally generated business cycle theory is the role that
a. expectations play in determining levels of investment b. fiscal policy plays in stimulating investment c. changes in interest rates play in determining levels of investment d. technology plays in determining levels of investment e. innovations play in determining levels of investment