Under a fixed exchange rate system, if the government decides to devalue its currency, net exports will ________ and the IS curve will shift to the ________
A) increase; left
B) increase; right
C) decrease; left
D) decrease; right
B
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All of the following are forms of social regulation EXCEPT
A) the Food and Drug Administration regulating the quality of drugs. B) the Public Utility Commission regulating the price of telephone service. C) the Environmental Protection Association regulating automobile emissions. D) the Occupational Safety and Health Administration regulating workplace safety.
Which of the following defines monopolization?
A) the Securities and Exchange Commission B) the Federal Reserve C) U.S. Supreme Court D) Federal Trade Commission Act
If the U.S. experiences an enormous surge of immigration, we could predict it would make the labor supply:
A. increase and shift to the right. B. decrease and shift to the right. C. decrease and shift to the left. D. increase and shift to the left.
When demand falls and supply remains the same, equilibrium price _______ and equilibrium quantity ________.
A. falls; falls B. rises; rises C. falls; rises D. rises; falls