Holding other things constant, decreases in the price level in the US will
a. Cause the dollar to appreciate
b. Cause the dollar to depreciate
c. Cause no change in dollar value
d. None of the above
a
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If aggregate planned expenditure is greater than real GDP,
A) a planned decrease in inventories leads to a decrease in production. B) a planned increase in inventories leads to an increase in production. C) an unplanned decrease in inventories leads to an increase in production. D) an unplanned decrease in inventories leads to an increase in the price level. E) an unplanned increase in inventories leads to a decrease in production.
Refer to Table 7-5. Fill in the following table with the opportunity costs of producing bows and arrows for Tran and Farah
Pens Pencils Tran Farah
If a person prefers a gamble with an expected value of $100 to a sure $100 that person is
A) irrational. B) a risk lover. C) nonsystematic. D) managing a portfolio.
In contrast to previous eras, a significant change seen today is that no model of government
a. is viewed as a good alternative to democracy. b. can successfully overthrow all vestiges of autocratic rule. c. is associated with a significant wealth gap. d. can compete with the power of individual citizens.