What would happen in the foreign exchange market if the European Central Bank raises European interest rates?
A) There will be a decline in the value of the euro.
B) There will be a decline in the value of the dollar.
C) There will be an increase in the value of the dollar.
D) U.S. interest rates will decline.
B
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In the above figure, if the firm is in monopolistic competition, it will produce
A) 40 units. B) 60 units. C) between 61 and 99 units. D) 100 units.
Most economists agree that the focus of fiscal policy is to
a. plan the economy. b. balance aggregate demand and aggregate supply. c. balance the federal budget. d. balance environmental needs and resources.
U.S. banks are required by law to keep most of their assets as reserves.
Answer the following statement true (T) or false (F)
Using supply and demand to model employment discrimination, if blacks are legally confined to certain professions, then the ________ for workers in these professions is inefficiently ________.
A. supply; high B. demand; high C. demand; low D. supply; low