The principal result of the rising value of the U.S. dollar in the mid-1990s was the
A. lower foreign inflation.
B. lower U.S. interest rates.
C. opportunities for currency speculation.
D. attractive investments in U.S. technology.
Answer: D
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The international agreement on intellectual property administered by the WTO is known as __________.
A. GATT B. NAFTA C. TRIPS D. WTOP
The classical model indicates that at the equilibrium interest rate, saving is
A) equal to investment. B) greater than investment. C) unnecessary for investment. D) less than investment.
When do the staggered terms of the Federal Reserve governors expire?
a. January 31 of every odd year b. January 31 of every even year c. December 31 of every odd year d. December 31 of every even year
If the marginal propensity to consume is 0.5, the income tax rate is 10%, and income rises by $20,000 . by how much will consumption spending increase?
a. $15,000 b. $10,000 c. $5,000 d. $9,000 e. $1,000