If the Japanese central bank performed a sterilized intervention to reduce the value of the yen, the most likely result is:
A) a lower value of the yen due to an increase in the monetary base in Japan.
B) a lower value of the yen due to a decrease in Japanese interest rates.
C) a higher value of the yen since the intervention was sterilized.
D) no change in the value of the yen since neither the monetary base nor Japanese interest rates would be affected.
D
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If prejudice originates with employers, market forces work to reduce discrimination and lower wage differences between the favored and unfavored groups
a. True b. False
Reserves increase if the Federal Reserve
a. raises the discount rate or auctions more credit. b. raises the discount rate but not if it auctions more credit. c. lowers the discount rate or auctions more credit. d. lowers the discount rate but not if it auctions more credit.
With few applicants and several key positions to fill, the owner of a commercial bakery increased the starting wage offered from $12.00 to $15.00 per hour and was able to fill the positions. Which of the following is true of the $12.00 wage rate?
a. The wage is lower than equilibrium. b. The wage is at equilibrium. c. The wage created a surplus. d. The wage attracted just enough workers.
From the Industrial Revolution to the present, innovation has played a major role in the growth of output. What do the leading analysts of economic growth argue were some of the most significant innovations of this period?
What will be an ideal response?