A federal budget deficit ________ interest rates, which ________ exchange rates (foreign currency per domestic currency), and ________ the balance of trade
A) reduces; raises; reduces B) raises; reduces; reduces
C) reduces; reduces; raises D) raises; raises; reduces
D
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The phenomenon whereby labor decreases in response to a decrease in the wage rate is called
a. the substitution effect. b. the scale effect. c. derived demand from a change in wage. d. the factor regressivity of labor.
Among the advantages of the least-squares trend analysis techniques is
A) the ease of calculation. B) relatively little analytical skill required. C) its ability to provide information regarding the statistical significance of the results. D) All of the above
Interest earned on funds compounds because in future years, interest is earned on ________.
A) the principal and interest received in previous years only B) interest received in previous years only C) principal only D) future values
At an annual interest rate of 14 percent, about how many years will it take $100 to double in value?
a. 3 b. 4 c. 5 d. 7