In the foreign exchange market, if the demand for dollars permanently decreases, the Fed can maintain the exchange rate at its old equilibrium level indefinitely by buying dollars
Indicate whether the statement is true or false
FALSE
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The slope of a straight line
A) is the same at all points along that line. B) cannot be defined. C) changes from one point to the next on that line. D) is always equal to zero.
A major justification for the use of price floors in agriculture was that
a. there were fewer farmers than in the past b. average farm acreage had increased c. demand for food had declined dramatically d. technology dramatically increased supply e. the greenhouse effect increased productivity
All of the following are arguments to have less antitrust enforcement except for
A. There is always a chance that new innovators will replace oligopoly firms. B. Companies become large because they are successful in satisfying consumer demand. C. Global competitors put pressure on U.S. oligopoly industries. D. Oligopolies can lead to less output and higher prices.
The aggregate supply curve in the classical model is
A. horizontal. B. upward sloping. C. downward sloping. D. vertical.