If there is a decrease in foreign demand for U.S. goods due to a recession in Europe
A) the U.S. aggregate demand will shift right.
B) the U.S. aggregate demand will shift left.
C) the U.S. aggregate demand will not be affected.
D) the U.S. aggregate demand will become steeper.
B
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________ is the change in market value of capital over a given period
A) Accounting depreciation B) Implicit rental rate C) Economic depreciation D) Accounting implicit rental cost
The key danger facing a country with an exchange rate peg is ________
A) loss of credibility B) loss of export markets C) monetary policy mistakes D) capital controls
One reason investors may prefer bonds over stocks is
a. potential profits are larger b. bond prices never vary c. bondholders get paid before stockholders d. owning bonds implies owning a part of the company e. interest rates do not affect the value of bonds
In the indifference curve-budget line model of labor supply, labor consists of
a. all productive activities outside of the marketplace. b. working in the marketplace for the going wage. c. engaging in productive activities, whether in the marketplace or not. d. working in the marketplace for the going wage and entrepreneurial activities.