A(n) ________ in U.S. prices will cause a decrease in the demand for U.S. dollars and a(n) ________ in the (per dollar) exchange rate
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
B
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When society achieves economic efficiency, it is:
A. producing a specified amount of output at the highest possible cost. B. producing a specified amount of output at the lowest possible cost. C. maximizing producer surplus but not consumer surplus. D. maximizing consumer surplus but not producer surplus.
An increase in the number of fast-food restaurants
A) raises the price of fast-food meals. B) increases the demand for fast-food meals. C) increases the supply of fast-food meals. D) increases the demand for substitutes for fast-food meals.
Explain the difference between macroeconomic variables that are in terms of levels and growth rates. Which important macroeconomic variables are which? Which one is the unemployment rate?
What will be an ideal response?
China has intervened in the foreign exchange market to maintain the value of its currency vis-à-vis other countries
Indicate whether the statement is true or false