A currency sells at a forward premium when the forward rate is greater than the spot rate.
a. true
b. false
a. true
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If the expected rate of return on investment decreases, then most likely the
A. consumption schedule will shift downward. B. consumption schedule will shift upward. C. investment schedule will shift downward. D. investment schedule will shift upward.
According to the economic theory of government, policies in a democracy will favor
A) the interests of many small minorities. B) the public interest. C) the real interests of the majority. D) whatever the majority thinks it wants even when this is not in the majority's real long run interest.
The short-run aggregate supply curve is drawn with: a. the price level on the vertical axis and real GDP on the horizontal axis
b. the price level on the vertical axis and nominal GDP on the horizontal axis. c. nominal GDP on the vertical axis and real GDP on the horizontal axis. d. real GDP on the horizontal axis and the rate of unemployment on the vertical axis.
List the three reasons for why the aggregate-demand curve slopes downward