A sizable appreciation of the U.S. dollar in the mid-1980s
a. raised U.S. exports and imports.
b. raised U.S. exports and reduced imports.
c. reduced U.S. exports and imports.
d. reduced U.S. exports and raised imports.
d
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In Figure 4-10 above, preferring the "easy money, tight fiscal" policy mix at a certain income is why we are at
A) point A rather than point C. B) point C rather than point A. C) point D rather than point B. D) point B rather than point D.
Cost minimization suggests that two inputs should be employed to the point where
A) the marginal cost of each input is identical. B) the marginal revenue product of each input is identical. C) the marginal physical product per dollar spent on each input is identical. D) the extra contribution to physical output of the inputs is identical.
Channel stuffing is
a. Shipping out sales at the beginning of the year b. Shipping out products only if you are certain that they would not be returned c. Shipping out products at the end of the year to mark them as earned revenue, even if you know that they would be returned later d. Shipping out products at the start of the year even though it is certain that there would be more demand during the year
How are the identities S = NCO + I and NCO = NX related to the foreign currency exchange market and the loanable funds market?