If the U.S. dollar depreciates, it means that
a. the value of the U.S. dollar has increased
b. the value of foreign exchange has decreased
c. fewer U.S. dollars are required to purchase foreign exchange
d. more U.S. dollars are required to purchase foreign exchange
e. exports will immediately fall
D
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The components of M2 that are not also in M1:
A. pay lower rates of interest than do the components of M1. B. sum to an amount that is smaller than the sum of the components of M1. C. are usable for making payments, but at a greater cost or inconvenience than currency or checks. D. are not usable for making payments.
If nominal GDP exceeds real GDP for a specific year, then the GDP deflator must be
A) greater than 100. B) less than 100. C) equal to 100. D) less than 0.
A(n) ____ can be used to demonstrate why a competitive oligopoly tends to result in a low-price strategy that does not maximize mutual profits
a. interdependence index b. gini coefficient c. herfindahl index d. payoff matrix
A doubling of income will result in a doubling of autonomous investment
Indicate whether the statement is true or false