The demand for foreign currency is derived from the demand for that country's goods and services
a. True
b. False
Indicate whether the statement is true or false
True
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Which type of thrift institution was relatively unaffected by the traumas of deregulation in the 1980s?
A) credit unions B) savings-and-loans C) mutual savings banks D) IBFs
During the Great Depression, automatic stabilizers ______.
a. prevented a complete economic meltdown b. deepened the economic crisis c. were not yet in place d. took too long to take effect
The U.S. dollar exchange rate, e, where e is the nominal exchange rate expressed as Japanese yen per U.S. dollar, will depreciate when:
A. Japanese consumers increase their preference for U.S. cars. B. the U.S. Federal Reserve eases monetary policy. C. real GDP in the U.S. decreases. D. the Bank of Japan eases monetary policy.
Gabriela recently got a 10 percent raise. She now purchases 30 percent more in groceries on a weekly basis. Gabriela's income elasticity for groceries is
a. 0.33. b. 0.5. c. 1. d. 3.