If Japan adopts an expansionary monetary policy, the value of the dollar would:
A. decrease and the U.S. trade deficit would decrease.
B. increase and the U.S. trade deficit would decrease.
C. increase and the U.S. trade deficit would increase.
D. decrease and the U.S. trade deficit would increase.
Answer: B
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Indicate whether the statement is true or false
Holding other factors constant, the increase in the prison population over the past 30 years in the United States has likely
A) decreased structural plus frictional unemployment. B) increased cyclical unemployment declined. C) decreased cyclical unemployment increased. D) increased the natural rate of unemployment.
If a perfectly competitive firm is producing a rate of output at which MC exceeds price, then the firm
A. Can increase its profit by increasing output. B. Can increase its profit by decreasing output. C. Is maximizing profit. D. Must have an economic loss.
Currency (paper money plus coins) constitutes about:
A. 24 percent of the U.S. M1 money supply. B. 45 percent of the U.S. M1 money supply. C. 51 percent of the U.S. M1 money supply. D. 55 percent of the U.S. M1 money supply.