Which of the following will cause a change in the exchange rate?
A. changes in consumer preferences
B. changes in real interest rates
C. changes in the perception of economic stability
D. all of these
Answer: D
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The market demand curve for mousetraps is
A) found by summing the quantities of mousetraps demanded at each income level by each buyer. B) found by summing the prices of mousetraps at each quantity of mousetraps demanded by each buyer. C) the horizontal sum of the individual demand curves for mousetraps of all the buyers. D) Both answers B and C are correct. E) Both answers A and C are correct.
When President Obama took office in January 2009, he pledged to pursue an expansionary fiscal policy to try to pull the economy out of the recession
The next month, Congress passed the American Recovery and Reinvestment Act of 2009, a $840 billion package of ________ that was the largest fiscal policy action in U.S. history. A) interest rate reductions and increases in the money supply B) treasury bond purchases and mortgage-backed securities purchases C) commercial and investment bank bailouts D) spending increases and tax cuts
The Federal Reserve is
a. part of the executive branch of the government b. not part of any branch of the government c. part of the judicial branch of the government d. part of both the legislative and the judicial branch of the government e. part of both the executive and the legislative branch of the government
In the Keynesian cross model, government spending as a function of national income is a(n): a. horizontal line at a fixed level of expenditure. b. vertical line at a fixed level of real GDP
c. upward-sloping curve. d. downward-sloping curve.