Everything else equal, if the dollar depreciates against the Chinese yuan:
A) China will stop trading with the U.S.
B) China will import more from the U.S. and will export less to the U.S.
C) China will export more to the U.S. and will import less from the U.S.
D) the Chinese government will buy yuan from the foreign exchange market.
B
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Unemployment that naturally occurs during the normal workings of an economy as people change jobs and move across the country is called
A) frictional unemployment. B) natural unemployment. C) cyclical unemployment. D) structural unemployment.
How does each of the following shift the supply of loanable funds and the demand for loanable funds curves? What is the effect of each on the equilibrium real interest rate and equilibrium quantity of loanable funds?
a. Households' disposable incomes increase b. An increase in expected profit
The effect on the level of income of a given increase in the money stock is
a. irrelevant to the interest elasticity of money demand. b. greater the lower the interest elasticity of money demand. c. greater the higher the interest elasticity of money demand. d. None of the above
When neither player has a dominant strategy,
A) game theory will not provide information. B) no Nash-Equilibrium exists. C) at least one Nash-Equilibrium exists. D) the game cannot be analyzed.