If the German interest rate is 4% and the U.S. interest rate is 5%, what is the expected change in the value of the dollar in terms of the euro?
A) 1%
B) -1%
C) 9%
D) -9%
B
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The first economist to point out the importance of specialization of labor was
A. Leonardo da Vinci. B. Adam Smith. C. David Ricardo. D. John Maynard Keynes. E. Enrico Caruso.
One way to overcome an adverse selection problem when buying a used car is to hire an independent mechanic to inspect the car before making a purchase
a. True b. False Indicate whether the statement is true or false
If the price of inputs rises and consumer expectations about future economic activity worsens:
a. Aggregate demand and aggregate supply fall. b. Neither aggregate demand nor aggregate supply change. c. Aggregate demand rises, and aggregate supply falls. d. Aggregate demand rises, but aggregate supply does not change. e. None of the above.
Refer to the graph shown. If the price level is P1, then:
A. both input prices and output will rise in the long run. B. both input prices and output will fall in the long run. C. input prices will rise and output will fall in the long run. D. input prices will fall and output will rise in the long run.