Which of the following occurrences would NOT shift the demand curve for U.S. dollars in the foreign exchange market?
A) an increase in the U.S. exchange rate
B) an increase in the expected future U.S. exchange rate
C) an increase in U.S. interest rates
D) an increase in foreign interest rates
A
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Refer to Table 2-2. Assume Nadia's Neckware only produces ascots and bowties. A combination of 16 ascots and 6 bowties would appear
A) along Nadia's production possibilities frontier. B) inside Nadia's production possibilities frontier. C) outside Nadia's production possibilities frontier. D) at the horizontal intercept of Nadia's production possibilities frontier.
Which of the following best describes real GDP?
A) Real GDP = Potential GDP - Nominal GDP B) Real GDP = Potential GDP + Deviation from potential GDP C) Real GDP = Deviation from potential GDP / Potential GDP D) Real GDP = Nominal GDP / Potential GDP
Which of the following statements about the FDIC is untrue?
a. It sets the legal reserve requirement. b. It conducts bank audits and examinations. c. It provides demand deposit insurance for participating banks. d. It helps prevent bank failures. e. It is a government agency.
How do you calculate consumer's surplus? What happens to consumer's surplus when the price of a commodity rises?