An increase in the value of a country's currency is known as ________
A) a spot exchange rate
B) a depreciation of its value
C) an appreciation of its value
D) a backward exchange rate
C
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The average total cost curve of a firm is U shaped but the average variable cost is not.
Answer the following statement true (T) or false (F)
When production costs fall,
a) the aggregate-demand curve shifts to the right. b) the short-run aggregate-supply curve shifts to the right. c) the short-run aggregate-supply curve shifts to the left. d) the aggregate-demand curve shifts to the left.
Which of the following companies would be most likely to use the bond market to raise capital?
A. A sole proprietorship grossing $100,000 a year, in which the owner is a full-time consultant and has no employees B. A small technology firm with high potential but a great deal of risk C. A partnership of five attorneys that wishes to borrow money to buy a larger office building D. A large, growing firm trying to expand its business
Refer to the information provided in Figure 23.10 below to answer the question(s) that follow.
Figure 23.10Refer to Figure 23.10. Unplanned inventories increase and output decreases when aggregate output is
A. $0. B. $500 million. C. $1,000 million. D. > $1,000 million.