Suppose the currency price of the U.S. dollar in terms of the Japanese yen starts to fall. To prevent that from occurring, the U.S. central bank should
A) use U.S. dollars to buy Japanese goods.
B) use yen reserves to buy U.S. dollars in the foreign exchange market.
C) sell U.S. dollars in the foreign exchange market in exchange for yen.
D) buy both U.S. dollars and yen in the foreign exchange market.
B
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Describe the intended effects of the first-time home buyer tax credits granted by Congress and many state governments in 2009 and 2010. In addition, describe in detail the unintended effect of this type of legislation
Refer to the above table. For each level of employment of labor shown
A. marginal product rises. B. marginal product falls for all employees beyond the 10th unit of labor. C. marginal product holds constant. D. marginal product rises for all employees beyond the 10th unit of labor.
The monopsonist will employ labor to the point at which the
A. marginal revenue product equals the wage rate. B. demand equals the supply of labor. C. marginal factor cost equals the marginal revenue product of labor. D. marginal cost of output equals the marginal revenue.
A horizontal demand curve for a firm implies that
A) the firm is a monopoly. B) the market the firm is operating in is not competitive. C) the firm is selling in a competitive market. D) the products of that firm are very different from other firms' products.