________ is most likely to contribute to an improvement in our living standard
A) An increase in real GDP
B) A decrease in nominal GDP
C) An increase in the price level
D) An increase in depreciation
E) An increase in the GDP deflator combined with a decrease in nominal GDP
A
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U.S. residents come to believe that the dollar will appreciate in the future, that is, the exchange rate in the future will be higher than the current exchange rate. As a result
A) the demand curve for dollars shifts rightward. B) the demand curve for dollars shifts leftward. C) there is a movement downward along the demand curve for dollars. D) None of the above answers are correct.
Which of the following words and phrases best captures the notion of equality?
a. minimum waste b. maximum benefit c. sameness d. efficiency
Places where foreign currencies are bought and sold are
A. Foreign exchange markets. B. Currency appreciation markets. C. Capital account markets. D. Foreign exchange reserves.
Which of the following caused a recession in the years immediately following World War II?
A. A surge in investment spending. B. Cutbacks in defense production. C. Technological advances. D. Pent-up demand for consumer goods.