Figure 36-3
?
Which of the situations illustrated in Figure 36-3 shows the effects of a currency appreciation leading to a recession?
A. 1
B. 2
C. 3
D. 4
Answer: A
You might also like to view...
When does an oligopoly market result in a cartel? What conditions must be present for the cartel to be successful?
What will be an ideal response?
Refer to Figure 3-8. The graph in this figure illustrates an initial competitive equilibrium in the market for sugar at the intersection of D1 and S1 (point A)
If there is an increase in the price of fertilizer used on sugar cane and there is a decrease in tastes for sugar-sweetened soft drinks, how will the equilibrium point change? A) The equilibrium point will move from A to B. B) The equilibrium point will move from A to C. C) The equilibrium point will move from A to E. D) There will be no change in the equilibrium point.
A main reason the federal government may choose to spend would be the:
A. real interest rates decrease. B. real interest rates increase. C. desire to achieve full-employment GDP. D. government expected to earn a large return on its spending.
When people over 16 years old start looking for jobs, the
A. Unemployment rate increases and the labor force increases. B. Unemployment rate increases and the labor force decreases. C. Unemployment rate decreases and the labor force increases. D. Unemployment rate decreases and the labor force decreases.