If actions by the President and Congress reduce the federal government budget deficit, then interest rates will _____, the U.S. dollar will _____, and the foreign trade deficit will _____
a. increase; appreciate; increase
b. increase; depreciate; increase
c. decrease; appreciate; decrease
d. decrease; depreciate; increase
e. decrease; depreciate; decrease
e
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Indifference curves on the same indifference map can have different shapes
Indicate whether the statement is true or false
A management professor discovers a way for corporate management to operate more efficiently. He publishes his findings in a journal. His findings are
a. proprietary and common knowledge. b. common, but not proprietary, knowledge. c. proprietary, but not common, knowledge. d. neither proprietary nor common knowledge.
A competitive firm hires labour until the marginal product of labour equals the:
A. real wage. B. rental price of capital. C. price of output. D. capital/labour ratio.
If savers require a 2% return and inflation is expected to be 3%, what approximate rate will banks offer savers?
A) 1% B) 3.2% C) 5% D) 6%