If the Fed wants to increase the value of the dollar, it will
A) sell foreign securities and buy dollars in international currency markets.
B) buy foreign securities and sell dollars in international currency markets.
C) buy foreign securities and also buy dollars in international currency markets.
D) sell foreign securities and also sell dollars in international currency markets.
A
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Due to automatic stabilizers, when the nation's total income rises, government transfer payments
A. and tax revenues increase. B. decrease and tax revenues increase. C. increase and tax revenues decrease. D. and tax revenues decrease.
The demand curve for high-skilled labor lies to the right of the demand curve for low-skilled labor because
A) there are more high-skilled workers than low-skilled workers. B) high-skilled workers require more compensation to convince them to work than do low-skilled workers. C) high-skilled labor is more productive than low-skilled labor. D) firms need not be concerned with the minimum wage in the market for high-skilled labor.
As the price of video games is raised from $20to $25, their quantity demanded fell from 1.5 million copies to 1 million copies. The price elasticity of demand for video games is:
a. -0.55 b. -1.8 c. -1.33 d. -2.08
If the income elasticity of demand is less than 1.0, it means it is an inferior good
a. True b. False Indicate whether the statement is true or false