In considering euros and dollars, the rates of exchange for the euro and the dollar:
A. are directly related.
B. are inversely related.
C. are unrelated.
D. move in the same direction.
B. are inversely related.
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Using the information in the table above, calculate the unemployment rate
A) 53.3 percent B) 30.8 percent C) 13.3 percent D) 7.7 percent
The aggregate supply curve describes the same relationship between price and quantity as a microeconomic supply curve
a. True b. False
Holding money as a medium of exchange to make payments is
A. the precautionary demand for money. B. the capital demand for money. C. the transactions demand for money. D. the asset demand for money.
The law of diminishing marginal utility suggests that
a. total utility will begin to diminish b. additional units of consumption will add less to total utility c. consumers' wants are insatiable d. most consumers will limit their consumption even when they earn high incomes e. marginal utility diminishes faster than total utility as more goods are consumed