Related to the Economics in Practice on p.221 [533]: According to a recent study by Simon Gilchrist, Fabio Natalucci, and Egon Zakrajsek, investment expenditures are ________ changes in interest rates.
A) highly sensitive to
B) highly insensitive to
C) completely independent of
D) positively related to
Answer: A) highly sensitive to
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When the exchange rate for a currency falls so that a currency trades for less of other currencies, it is said to be appreciating
a. True b. False Indicate whether the statement is true or false
The subprime mortgage and global financial crisis of September 2008, resulted in mergers of big banks with healthier banks
Indicate whether the statement is true or false
An increase in U.S. real interest rates causes the dollar to _________________, which tends to __________________ U.S. Real GDP
A) appreciate; raise B) appreciate; lower C) depreciate; raise D) depreciate; lower
Joe is maximizing utility by consuming three colas at $2 apiece and four hot dogs. The last cola gave him 200 units of utility, and the last hot dog gave him 300 units of utility. The price of each hot dog is:
A. $1.00. B. $0.50. C. $3.00. D. $1.50.