The exchange rate between the United States and Japan
A) is fixed so it does not change.
B) consistently decreases over time.
C) does not exist.
D) consistently increases over time.
E) fluctuates, sometimes rising and sometimes falling.
E
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The figure above shows the market for milk. The ________ price that producers must be offered to get them to produce 100 gallons of milk per day is ________
A) maximum; $2.50 B) minimum; $3.00 C) maximum; $4.00 D) minimum; $2.50
The steeper the short-run aggregate supply curve, _____
a. the smaller the impact of a shift in aggregate demand on equilibrium output b. the larger the value of the spending multiplier c. the larger the impact of a shift in aggregate demand on equilibrium output d. the smaller the change in government spending needed to achieve the desired change in equilibrium output e. the flatter the aggregate demand curve
One of the challenges for development economists working in health care is to figure out a way to:
A. give doctors the right incentives to practice good medicine. B. force families to make better health care choices. C. influence markets in order to keep the costs of healthcare lower. D. alter the educational system in order to mandate that a certain number of students go into healthcare fields.
Which of the following is not an income transfer?
A.) Unemployment benefits B.) Social Security payments C.) Food stamps D.) Welfare