If the dollar appreciates,
a. imports to the United States become more expensive for foreigners
b. exports from the United States become more expensive for foreigners
c. imports become more expensive for U.S. citizens.
d. exports from the United States become cheaper
e. the dollar will exchange for fewer units of a foreign currency
B
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The establishment of the Euro as a unit of account in 1999 meant that from then on the currencies of the participating countries traded at a fixed rate, until the Euro completely replaced these currencies in the year 2002
(a) How would the inflation rates of these countries have to had been in these transition years for PPP to hold? (b) If the inflation of Italy was twice as high as that of Germany a year between 1999 and 2002, what can we say then about the Italian lira against the German mark? (c) What does the concept of PPP thus tells us about what needs to happen for such this monetary agreement to work for a long period of time?
Table 36-2 ? Domestic ? ? ? GDP Expenditure ? Exports Imports Total Expenditures (Y) C+ I + G (X) (IM) C+ I + G + (X?IM) $2,500 $3,100 $650 $250 _____ 3,000 3,400 650 300 _____ 3,500 3,700 650 350 _____ 4,000 4,000 650 400 _____ 4,500 4,300 650 450 _____ 5,000 4,600 650 500 _____ 5,500 4,900 650 550 _____ In Table 36-2, what are net exports when GDP = 3,500?
A. 400 B. 300 C. 200 D. 100
Which term(s) in the general form of the t statistic is (are) computed differently between the usual OLS t-statistic and the heteroskedasticity-robust t-statistic?
A. Estimate and standard error. B. Estimate, standard error, and the hypothesized value. C. Estimate only. D. Standard error only.
If the RECAP policy was imposed on firms by the government, it would be considered a(n):
A. purposeful behavior. B. advantageous default option nudge. C. shadow price. D. push.