A new country has been established on the moon and created a currency called cheesybits. Which of the following does not involve a foreign exchange transaction?
A. Luna lives on the moon and wants to travel to visit relatives in Japan.
B. Moonrock corporation needs new mining equipment that it buys from a manufacturer in Russia.
C. Moonbeam Incorporated, the largest company on the moon, sells building products for houses on the moon.
D. Han is visiting the moon and wants to eat at his favorite restaurant, the Moonglow Bar and Grill.
Answer: C
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Use the aggregate expenditures model and the following values to answer the next question.AMPCIGT$9000.9$2,500$2,500$1,000Determine equilibrium real GDP for this economy.
A. $69,000 B. $59,000 C. $50,000 D. $60,000
Which of the following is most likely to result in unemployment?
a. Aggregate demand grows more rapidly than aggregate supply. b. Aggregate demand and aggregate supply grow at the same rate. c. Aggregate supply grows more rapidly than aggregate demand. d. Neither aggregate demand nor aggregate supply grows at all.
A demand curve is a graphical representation of
A. relative prices. B. consumer tastes. C. national income. D. the demand schedule.
When the interest rate is ________, ________ investments in physical capital will earn more than the cost of borrowed funds, so planned investment spending is ________
A) high; few; high B) high; few; low C) low; few; high D) low; many; low E) high; many; high