An increase in the real interest rate outside of the United States will cause the dollar to ________ relative to other currencies and ________ net exports and real GDP
A) appreciate; increase
B) appreciate; reduce
C) depreciate; increase
D) depreciate; reduce
C
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The figure above shows the labor market in a region. If a minimum wage of $8 an hour is imposed, then there are ________ unemployed workers
A) 20,000 B) 40,000 C) 60,000 D) 80,000 E) zero
Why do firms enter into a collusive agreement?
A) To increase profits B) To reduce prices C) To reduce market concentration D) To increase market supply
If Sail Away Cruises offers customers a free cruise ticket with each full priced cruise ticket purchased, this is an example of ________.
A) zero-degree price discrimination B) first-degree price discrimination C) third-degree price discrimination D) second-degree price discrimination
In what year did the U.S. inflation rate jump to close to 18%?
a. 1917 b. 1921 c. 1929 d. 1945