Currency traders expect the value of the dollar to rise. What effect will this have on the demand for dollars and the supply of dollars in the foreign exchange market?
A) Demand for dollars will decrease, and supply of dollars will increase.
B) Demand for dollars will decrease, and supply of dollars will decrease.
C) Demand for dollars will increase, and supply of dollars will increase.
D) Demand for dollars will increase, and supply of dollars will decrease.
D
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If unemployment is above the natural rate, GDP is below potential output
a. True b. False
The negative of the slope of the isoquant indicates the ___________________________
Fill in the blank(s) with the appropriate word(s).
Consumers usually pay less than the total cost of medical treatment because
A) a third party, usually an insurance company, often pays most of the bill. B) the federal government pays for most medical procedures. C) competition forces doctors and hospitals to charge prices that do not cover their costs. D) a third party, usually an employer, often pays most of the bill.
Salaries of NFL quarterbacks, like Tom Brady, are
A. the result of perfectly competitive markets. B. related to the additional revenues team owners expect to enjoy as a result of having them on the team roster. C. too high. D. All of the above are correct.