A term to describe one currency in terms of another is
a. Interest rates
b. Market price
c. Inflation rate
d. Exchange rate
d
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The Immigration Reform and Control Act of 1986:
A. Increased fines on employers who hire illegal immigrants B. Boosted funding for fencing, monitoring, and policing the U.S.-Mexican border C. Created a guest worker program D. Created an amnesty program for illegal immigrants
Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting downward C. Aggregate demand shifting rightward D. Aggregate demand shifting leftward
Microeconomics is the study of
A) aggregate measures of the economy. B) foreign policy economic issues. C) federal budget details. D) individual decision making.
Collusion:
A. occurs only when no dominant strategy is present. B. is a cooperative outcome between competitors. C. is observed, but economists cannot theoretically model it. D. is a theoretical concept that is rarely observed.