In Figure 5-1 above, the impact of automatic stabilization is depicted by the movement from
A) A to F.
B) A to B.
C) A to C.
D) D to A.
B
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Who would benefit if the exchange rate with yen (in U.S. dollars) increased?
a. c and e. b. Japanese tourists. c. U.S. consumers. d. U.S. exporters. e. Japanese exporters.
In scientific language, a theory is an untested assertion of alleged fact.
Answer the following statement true (T) or false (F)
An increase in demand and an increase in supply will lead to
A) unambiguous increases in both price and quantity. B) unambiguous decreases in both price and quantity. C) an unambiguous increase in quantity, but the effect on price is indeterminate. D) an unambiguous increase in price, but the effect on quantity is indeterminate.
A bilateral monopoly means
A. that a monopsonistic employer bargains with both an industrial and a craft union. B. that a monopsonistic employer bargains with a monopoly. C. that a monopsonistic employer bargains with two unions. D. that an industrial union bargains with a two-firm oligopoly.