How many British pounds would it cost to buy a pair of American designer jeans costing $45 if the exchange rate is 1.80 dollars per British pound?
A) 10 British pounds
B) 25 British pounds
C) 20 British pounds
D) 30 British pounds
E) 40 British pounds
B
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What was the result of the Federal Reserve tightening credit and Congress adopting the Smoot-Hawley Tariff?
If many of the workers who become unemployed as a result of a recession are retail workers:
A. they will return to employment once the government announces its stimulus and consumer confidence returns. B. the retail sector is likely to remain permanently smaller. C. the government likely will be unable to target its stimulus spending for these workers. D. the government will have to rely on targeting "retail-ready" projects for stimulus spending.
Refer to the diagram below of three demand curves for coffee. Which of the following would cause a shift in coffee demand from D1 to D2?
A. A decrease in the price of tea
B. An increase in consumer incomes
C. An increase in the prices of cream and sugar
D. A decrease in the price of coffee
To stop a speculative attack interest rates must be ________, which will ________ aggregate demand.
A. decreased; decrease B. increased; increase C. decreased; increase D. increased; decrease