Holding all else constant, an increase in preferences by Mexicans for U.S. goods will ________ the demand for dollars in the foreign exchange market and ________ the equilibrium Mexican peso/U.S. dollar exchange rate.
A. increase; decrease
B. increase; increase
C. decrease; decrease
D. decrease; increase
Answer: B
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What will be an ideal response?
The funding of public education is
A) a private program. B) a subsidy program. C) done by voluntary contributions. D) provided by Social Security.
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a. the rate of unemployment will be zero. b. output will exceed the economy's maximum sustainable rate. c. the actual rate of unemployment will equal the natural rate. d. the economy's potential rate of output will exceed actual GDP.
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