The table above shows the exchange rates between various currencies and the U.S. dollar. Between 2015 and 2016, the Canadian dollar ________ against the U.S. dollar and the Japanese yen ________ against the U.S. dollar
A) depreciated, depreciated
B) appreciated, appreciated
C) appreciated, depreciated
D) depreciated, appreciated
A
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The following input-requirements data are for Country A, a capital-abundant country that produces nothing but bread and wine using only capital and labor as inputs. 1 Pound of Bread1 Gallon of WineCapital Input5 units20 unitsLabor Input4 units10 units In the long run, which of the following can most reasonably be inferred after this country engages in free trade?
A. The wage rates will decline but the returns to capital will increase. B. The returns to capital will rise in the wine industry and will fall in the bread industry. C. The returns to capital will decline but the wage rates will increase. D. The wage rates will increase in the wine industry and will decline in the bread industry.
Assume that full-employment real GDP is Y = $1,200 billion, the current equilibrium real GDP is Y = $800 billion, and the MPC is 0.50. What level of aggregate expenditures will close the recessionary gap?
A. $80 billion. B. $140 billion. C. $200 billion. D. $400 billion.
If a bank has actual reserves of $40,000 and a 20 percent reserve requirement, then the maximum amount of checkable deposits the bank can have if excess reserves are zero is:
A. $200,000. B. $80,000. C. $300,000. D. $20,000.
In a binding situation, changes in government spending do not shift the AD curve.
Answer the following statement true (T) or false (F)