In the open-economy macroeconomic model, a higher U.S. real exchange rate makes
a. U.S. goods more expensive relative to foreign goods and reduces the quantity of dollars supplied.
b. U.S. goods more expensive relative to foreign goods and reduces the quantity of dollars demanded.
c. foreign goods more expensive relative to U.S. goods and reduces the quantity of dollars supplied.
d. foreign goods more expensive relative to U.S. goods and reduces the quantity of dollars demanded.
b
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Refer to Figure 4.5. If all 10 students choose Dash, each student will earn ________ extra points
A) 0 B) 2 C) 4 D) 6
The marginal cost curve crosses
a. both the average total cost and average variable cost curves at their respective minimum points b. the average total cost curve at its minimum point, and the average variable cost curve at its maximum point c. the average total cost curve and the average variable cost curves at the same output level d. both the average total cost and average variable cost curves at their respective maximum points e. the average total cost curve at its maximum point, and the average variable cost curve at its minimum point
People who are risk averse dislike bad outcomes more than they like comparable good outcomes
a. True b. False Indicate whether the statement is true or false
An increase in the U.S. interest rate
a. raises the opportunity cost of holding dollars. b. induces households to increase consumption. c. shifts money demand to the right. d. leads to a depreciation of the U.S. dollar.