The table above shows the exchange rates between various currencies and the U.S. dollar. Between 2015 and 2016, the Japanese yen ________ against the U.S dollar and the Euro ________ against the U.S. dollar
A) appreciated; appreciated
B) depreciated; appreciated
C) depreciated; depreciated
D) appreciated; depreciated
C
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Of the $840 billion American Recovery and Reinvestment Act stimulus package which was enacted in 2009, the largest spending increase occurred in which category?
A) health care, social services, and education B) transportation and housing C) energy and the environment D) military, veterans, and homeland security
When the money supply is increased, what do monetarists expect to happen to the nominal or market rate of interest?
A. It will rise immediately. B. It will fall in the short run, then rise in the long run. C. It will rise in the short run, then fall in the long run. D. It will fall and remain lower.
Marginal analysis is useful to a firm that seeks to
A. maximize its profits, but not minimize its losses. B. minimize its losses, but not maximize its profits. C. both maximize its profits and minimize its losses. D. neither maximize its profits nor minimize its losses.
It is ________ to empirically test alternative macroeconomic models against one another ________ macroeconomic models differ in ways that are hard to standardize.
A. pointless; because B. difficult; because C. impossible; because D. relatively easy; even though