If the dollar appreciates:
a. imports to the United States become more expensive for foreigners
b. exports from the United States become more expensive for foreigners
c. imports become more expensive for U.S. citizens.
d. exports from the United States become cheaper
e. the dollar will exchange for fewer units of a foreign currency
b
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If there is an excess quantity of money, people will buy bonds
Indicate whether the statement is true or false
Goods that are either collective consumption goods or nonexcludable goods or both combined cannot be produced by the market
a. True b. False
U.S. residents bear the burden of unemployment equally
a. True b. False
If the actual price level is lower than the expected price level reflected in long-term contracts,
a. the actual rate of unemployment will be less than the natural rate of unemployment. b. the actual rate of unemployment will exceed the natural rate of unemployment. c. the natural rate of unemployment will rise. d. the natural rate of unemployment will fall.