The Japanese yen will appreciate against the dollar if
A) U.S. residents demand more Japanese goods.
B) U.S. residents demand fewer Japanese goods.
C) Japanese residents demand more U.S. goods.
D) none of the above.
Answer: A
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Answer the following statement true (T) or false (F)
Suppose the actual budget deficit remains unchanged when the economy falls into a recession. This is an indication that
A) fiscal policy was used during the recession. B) monetary policy was not used during the recession. C) fiscal policy was not used during the recession. D) monetary policy was used during the recession.
In the Classical system, the interest rate is determined by all of the following except
A) the thriftiness of the public. B) the money supply. C) the productivity of capital. D) investment.
If real GDP in Korea amounted to 448.3 trillion wons in 1999 and 473.7 trillion wons in 2000 . compute the growth experienced by this country in 2000?
a. 5.4% b. 5.66% c. 2.54% d. -1.05% e. -9.4%