Relative to the yen, from 2007-2012 the U.S. dollar
A) appreciated due to an increase in the interest rate differential and expectations of a higher future exchange rate.
B) appreciated due to a decrease in the interest rate differential and expectations of a lower future exchange rate.
C) depreciated due to an increase in the interest rate differential and expectations of a higher future exchange rate.
D) depreciated due to a decrease in the interest rate differential and expectations of a lower future exchange rate.
D
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Inflation rates during the years 1979-1981 were the highest the United States has ever experienced during peacetime
Indicate whether the statement is true or false
When an economy is operating at "full employment," as economists usually define the term,
A. The unemployment rate is 4-6 percent. B. Everyone who wants a job has a job. C. The unemployment rate is 0 percent. D. Inflation is a significant problem.
Refer to the information provided in Figure 8.8 below to answer the question(s) that follow. Figure 8.8 Refer to Figure 8.8. If the market price of soybeans falls to $8, then to maximize profits this farmer should produce
A. 200 bushels of soybeans. B. 700 bushels of soybeans. C. 1,000 bushels of soybeans. D. a level of output that is indeterminate from this information.
The above figures show the market for oranges. Which figure(s) shows the effect of existing orange growers increasing the size of their orange groves?
A) Figures A and C B) Figures B and D C) Figure A D) Figure D