When the U.S. dollar rises in value relative to the Mexican peso, the dollar has ________, and when the dollar falls in value, it has ________
A) grown; shrunk
B) grown; shrunken
C) been bullish; been bearish
D) depreciated; appreciated
E) appreciated; depreciated
E
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What are some of the problems that exist with a laissez-faire economy?
What will be an ideal response?
The most important component of the Economic Recovery Act passed by the Bush Administration was ________
A) the creation of the Federal Reserve discount window B) the establishment of the Troubled Asset Relief Program (TARP) C) the decrease in taxes for the wealthiest one percent of all Americans D) the creation of the Federal Reserve
In general, as individuals undertake additional years of schooling,
A) their stock of human capital increases. B) the marginal productivity of individuals as workers declines. C) the marginal benefit to society of the extra years of education increases. D) the marginal productivity of individuals as workers becomes negative.
Refer to the information. The equilibrium level of GDP in this economy is:
Answer the question on the basis of the following information for a private closed economy where C is consumption, Y is the gross domestic product, I g is gross investment, and i is the interest rate:
A. $240.
B. $300.
C. $360.
D. $400.