If a currency such as the US$ is traded in a competitive market, a(n) ________ in demand for the US$ ________ the price of the US$ in terms of another currency such as the Japanese Yen (¥)
A) increase; lowers
B) increase; raises
C) decrease; raises
D) change; lowers
B
Economics
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Real business cycles could be a result of
A) shocks to the aggregate supply side of the economy. B) abrupt changes in monetary policy. C) increases in the budget deficit and national debt. D) discretionary fiscal policy.
Economics
In Figure 3-7 above, the multiplier is
A) 2. B) 0.2. C) 5. D) 2.5.
Economics
The industrial North wanted the _______ to buy their goods rather than import goods from ________ so they erected ____________ tariffs.
Fill in the blank(s) with the appropriate word(s).
Economics
Profit is the excess of revenue over and above payment for
a. wages. b. rent. c. interest. d. all costs of production.
Economics