Electronic money and smart cards will increase the problems for the Federal Reserve in controlling the money supply.
Answer the following statement true (T) or false (F)
True
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Refer to the above figure. Use the DD-AA model to examine and compare the response of an economy under fixed and floating exchange rate to a temporary fall in foreign demand for its exports
What will be an ideal response?
If a firm can double inputs and, thereby, more than double output over the range of output the market demands, it is a
a. natural monopoly b. local monopoly c. price discrimination monopoly d. monopsony e. candidate for antitrust prosecution
A new model of a racecar manufactured in Germany sells successfully in China. This will cause the:
a. euro to appreciate against the Chinese Yuan. b. euro to devaluate against the Chinese Yuan. c. Chinese Yuan to appreciate against the euro. d. Chinese Yuan to devaluate against the euro.
Which of the following is an example of an intermediate good?
A. the chocolate chips you purchase to make cookies to sell at a bake sale for your kids' school B. the lumber you buy to build a house for your dog C. the blueberries you buy to bake yourself some muffins D. the tortillas you buy to make yourself a burrito for lunch