If there is an unrest in Turkey, and Turkish investors purchase U.S. securities, the
A. demand for the Turkish currency will stay the same.
B. demand for the Turkish currency will rise.
C. supply of the Turkish currency will rise.
D. supply of the Turkish currency will fall.
Answer: C
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Consumers most likely decide on their current consumption spending by looking at their short-run income prospects.
Answer the following statement true (T) or false (F)
What is the "inflation tax"?
A) the difference between nominal and real interest rates received on financial assets, due to inflation B) the fact that our tax system is based on nominal incomes and not real incomes, so that the government collects more taxes due to inflation alone C) the government obtaining goods in exchange for newly created high-powered money that does not add to the real value of private assets due to the resulting inflation D) the fact that greater government spending leaves fewer goods available to the private sector, thus lowering their prices.
When U.S. net exports fall, which decreases the aggregate quantity of goods and services demanded, the dollar must have
a) depreciated b) reciprocated. c) appreciated. d) equivocated.
If the amount you owe on your house is greater than the price of the house, you have
A) no value to your house. B) a mortgage rate that is too high. C) negative equity in your house. D) a reverse mortgage on your house.