The recession of 2007-2009 decreased the demand for imports in Japan, which caused the ________ curve for the yen to shift to the ________, increasing the exchange rate and the value of the yen
A) demand; left B) supply; right C) supply; left D) demand; right
C
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Scarcity is the fundamental problem of the economy.
Answer the following statement true (T) or false (F)
To reduce adverse selection
A) firms can use screening. B) both consumers and firms can use screening. C) the government could eliminate all monopolies and oligopolies. D) Both B and C.
Make a case for income inequality
(a)Draw a figure, using the Keynesian IS-LM framework, of an economy in recession.(b)If the Fed's goal is to move output to its full-employment level, what should it do with monetary policy? What will happen to the real interest rate? What is the effect on the price level? Show the result in your diagram.(c)Suppose the Fed decides to keep the money supply unchanged. How could the government use fiscal policy to move the economy to full employment? Show the result in your diagram.(d)How does the real interest rate differ between parts (b) and (c)?
What will be an ideal response?