The depreciation of the Japanese yen in 2002 would ease their problems with regard to recession
a. True
b. False
Indicate whether the statement is true or false
True
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During the 1960s, when confronted with moderate and stable inflation, people tended to form adaptive expectations of future inflation rates
Indicate whether the statement is true or false
John just won the Megamillions jackpot. We can assume that his demand for all:
A. normal goods will increase. B. inferior goods will increase. C. normal goods will decrease. D. normal goods will stay the same.
In a perfectly competitive market industry, firm's prices are equal to
a. Average revenue b. Marginal revenue c. Both a and b d. None of the above
An increase in a country's budget deficit
a. increases net capital outflow, so the demand for its currency in the market for foreign-currency exchange shifts right. b. increases net capital outflow, so the supply of its currency in the market for foreign-currency exchange shifts right. c. decreases net capital outflow, so the demand for its currency in the market for foreign-currency exchange shifts left. d. decreases net capital outflow, so the supply of its currency in the market for foreign-currency exchange shifts left.