An increase in the U.S. exchange rate will make U.S. exports.
A) less attractive to foreigners and imports from other countries less attractive to the United States.
B) less attractive to foreigners and imports from other countries more attractive to the United States.
C) more attractive to foreigners and imports from other countries more attractive to the United States.
D) more attractive to foreigners and imports from other countries less attractive to the United States.
Ans: B) less attractive to foreigners and imports from other countries more attractive to the United States.
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Based on the figure below. Starting from long-run equilibrium at point C, a tax increase that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.
A. D; C B. D; B C. A; B D. B; C
The figure above shows the demand for fruit snacks. Which movement reflects an increase in income if fruit snacks are an inferior good?
A) from point a to point e B) from point a to point b C) from point a to point c D) from point a to point d
Economists use the phrase "network externalities" to describe the role technology plays in explaining why consumers buy products that other consumers are already buying.
a. true b. false
"Animal spirits" refers to
A) the stubborn refusal of many economic decision-makers to use rational expectations. B) movements in investment that cannot be explained by changes in current variables. C) the often-observed Fed refusal to cooperate with the government in setting its monetary policy. D) the impact of tax-evasion on the budget deficit. E) an exotic alcoholic drink favored by Wall Street traders.