The impact of monetary policy through exchange rates tends to ________ the impact of monetary policy through real interest rates.
A. contradict
B. reinforce
C. be exactly the same as
D. totally negate
Answer: B
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According to the graph shown, if this economy were open to free trade, domestic consumers would consume how many units?
This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good.
A. 45
B. 85
C. 120
D. 75
Would a profit-maximizing firm sell at a price where demand is inelastic? Explain
GDP per capita means
A. gross domestic product per employee. B. gross domestic product per person. C. gross domestic product per dollar in revenue. D. gross domestic product per business.
In a restaurant we can observe people consuming coffee, tea, and juices. All are priced the same. If Ann consumes coffee and Bob consumes a juice, we can conclude that
A. Ann likes coffee more than Bob does, and Bob likes juices more than Ann does. B. Carl, another restaurant guest, will be drinking tea. C. the utility Ann receives from coffee consumption equals the utility that Bob receives from consuming juices. D. Ann derives more utility from coffee than from tea or juices, and Bob derives more utility from juices than from tea or coffee.