In the dollar-yen foreign exchange market, if Japanese companies sharply increase their importation of U.S. products, then the:
A. Supply of yen will decrease and the yen will appreciate
B. Supply of yen will increase and the yen will depreciate
C. Demand for yen will increase and the yen will appreciate
D. Demand yen will decrease and the yen will depreciate
B. Supply of yen will increase and the yen will depreciate
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In the figure above, suppose that Mac and Izzie specialize and trade to reach point c. Mac sends Izzie
A) 12 computers in exchange for 12 TVs. B) 12 computers in exchange for 6 TVs. C) 6 computers in exchange for 12 TVs. D) 6 computers in exchange for 6 TVs.
If a currency rapidly depreciates, what are the possible negative results to the economy of using contractionary monetary policy to address the depreciation?
What will be an ideal response?
If a good has an income elasticity of 0.18, then it is:
A. a normal good, and a necessity. B. a normal good, and a luxury good. C. an inferior good, and a necessity. D. an inferior good, and a luxury.
All members of the Federal Board of Governors are appointed by the president and confirmed by the Senate
a. True b. False Indicate whether the statement is true or false