An economic variable that doesn't move in a consistent pattern with aggregate economic activity is called
A) procyclical.
B) countercyclical.
C) acyclical.
D) a leading variable.
C
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The figure above shows Sam's budget line. Which of the following combinations of gasoline and coffee are available to Sam?
A) 40 gallons of gasoline and 1 pound of coffee B) 1 gallon of gasoline and 20 pounds of coffee C) 16 gallons of gasoline and 12 pounds of coffee D) 12 gallons of gasoline and 16 pounds of coffee
For a profit maximizing monopolist, if the MC = 10 and price is set to be 20, then the elasticity at this price is
A) -2. B) -1. C) -0.5. D) 0.
Suppose you are a U.S. exporter expecting to receive a payment of NZD1,000 (New Zealand dollars) in 12 months. The annual interest rate on NZD deposits is 5 percent, and the annual interest rate on dollar deposits is 9 percent. If the present exchange rate is $0.50 per NZD and interest rate parity holds, how many dollars do you expect to receive at the maturity date of the export contract?
a. $2,000 b. $1,923 c. $1,000 d. $580 e. $520
The consumption function is a function showing the relationship between consumption and
A) disposable income. B) exports. C) interest rates. D) investment.