In the foreign exchange market, which of the following shifts the supply curve of dollars leftward?
A) The current exchange rate falls.
B) The expected future exchange rate falls.
C) The current exchange rate rises.
D) The expected future exchange rate rises.
E) None of the above answers is correct.
D
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The market system is also called the price system because
A) rising prices are the signal to producers to offer more of a particular good. B) people pay money in markets. C) everything has a price tag. D) inflation is a significant problem.
Figure 5-2
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In Figure 5-2, an increase in government spending would cause
A. an outward shift in the aggregate supply curve and an increase in the price level. B. an outward shift in the aggregate demand curve and an increase in the price level. C. an inward shift of the aggregate demand curve and an increase in the price level. D. an inward shift of the aggregate demand curve and a decrease in the price level.
Assuming that C + I + G > C + Ir + G, then
a. aggregate demand exceeds than output. b. unplanned inventories are negative. c. there is an unintended inventory accumulation. d. Both a and c e. None of the above
Equilibrium in a market occurs when
A) demand and supply indicate a small surplus of a good. B) price is at its minimum. C) quantity supplied and quantity demanded are equal at the market clearing price. D) the market price leads to a decrease in quantity demanded.