Trading French wine for California wine is an example of intraindustry trade
Indicate whether the statement is true or false
TRUE
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U.S. residents come to believe that the dollar will appreciate in the future, that is, the exchange rate in the future will be higher than the current exchange rate. As a result
A) the demand curve for dollars shifts rightward. B) the demand curve for dollars shifts leftward. C) there is a movement downward along the demand curve for dollars. D) None of the above answers are correct.
If the yen appreciates in value against the dollar, the dollar must have depreciated against the yen
Indicate whether the statement is true or false
The marginal propensity to consume is
a. the change in consumption associated with a change in income. b. equal to the marginal propensity to save minus 1. c. equal to 1 minus the marginal tax rate. d. the change in consumption associated with a change in wealth.
Closing an inflationary gap involves the creation of a surplus budget where tax revenues exceed government spending
Indicate whether the statement is true or false