Appreciation of the dollar means that
a. the value of the dollar has decreased.
b. the value of foreign exchange has increased.
c. fewer dollars are required to purchase foreign exchange.
d. more dollars are required to purchase foreign exchange.
c. fewer dollars are required to purchase foreign exchange.
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Which of the following is NOT true about a tariff?
A) It is a barrier to entry in a market. B) It leads to a natural monopoly. C) It is a tax. D) It affects imported goods.
The balanced budget multiplier has a range from zero to 1
Indicate whether the statement is true or false
A tax cut is likely to cause:
A. An increase in consumer spending. B. A decrease in saving. C. A decrease in aggregate demand. D. An increase in government spending.
For a fixed inflation rate target, a decrease in the inflation rate corresponds to a ________ the aggregate demand curve and a decrease in exogenous spending corresponds to a ________ the aggregate demand curve.
A. movement down; shift left of B. movement up; shift right of C. shift left of; movement up D. shift left of; shift right of