When the domestic currency depreciates, foreign demand for domestic goods increases
a. True
b. False
Indicate whether the statement is true or false
True
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If a new and better good replaced an older and less expensive good, then the price level measured by the CPI ________
A) is lower than the actual price level B) is higher than the actual price level C) might be either higher or lower than the actual price D) is the same as the actual price level because it measures the prices of the actual goods
What would happen if money did not exist?
For perfectly competitive firms, price
A. And marginal revenue are not related. B. Is less than marginal revenue. C. Is equal to marginal revenue. D. Is greater than marginal revenue.
What takes place in the indirect finance market?
A) Part ownership of corporations is sold in the form of stocks. B) Corporate and government bonds are sold to savers. C) Deposits of savers are accepted and lent to borrowers. D) Government purchases of buildings and equipment are sold to the highest bidder.