Which of the following does not result in a change in the demand for Mexican pesos?
a. changes in the supply curve of pesos on the foreign exchange market
b. changes in U.S. income
c. changes in U.S. tariff policy
d. appreciation of the dollar
e. devaluation of the peso
A
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People pursue ________ projects in the market and ________ projects in government
A) their own; their own B) their own; others' C) private; public D) individualistic; socialistic
The wedge between the buyers' price and the sellers' price is the same, regardless of whether the tax is levied on buyers or sellers
a. True b. False Indicate whether the statement is true or false
Starting from long-run equilibrium, a large decrease in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; lower; potential B. expansionary; higher; potential C. recessionary; lower; potential D. recessionary; lower; lower
Countries with stable inflation rates tend to have ________ SAS curves
A) flat B) steep C) flat or steep D) None of the above. All countries have SAS curves with almost the same slope.