Which system is the least difficult to maintain if you are running a trade deficit?
A. The free market exchange rate system
B. The floating exchange rate system
C. The fixed exchange rate system
D. The managed float exchange rate system
Answer: B
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Depreciation of the Japanese yen would lead to
A. outward shift in the aggregate supply curve for Japan. B. upward shift in the aggregate demand curve for Japan. C. downward shift in the aggregate supply curve for Japan. D. inward shift in the aggregate demand curve for Japan.
This figure shows the payoffs involved when Sarah and Joe work on a school project together for a single grade. They both will enjoy a higher grade when more effort is put into the project, but they also get pleasure from goofing off and not working on the project. The payoffs can be thought of as the utility each would get from the effort they individually put forth and the grade they jointly receive.According to the figure shown, if Joe puts forth high effort, then Sarah should:
A. give an ultimatum. B. put forth high effort. C. put forth low effort. D. leave school.
________: the existence of increasing inflation during a period when the economy is experiencing little or no growth
Fill in the blank(s) with correct word
Assume the graphs shown reflect the egg market. The arrow that would best capture the impact of cheaper, prefabricated henhouses on the egg market is:
A. W. B. X. C. Y. D. Z.