If the Japanese central bank sells yen and buys U.S. dollars, the U.S. dollar will appreciate
Indicate whether the statement is true or false
TRUE
You might also like to view...
A period of expansion in the business cycle ends when
A) the business cycle reaches its peak. B) the business cycle reaches its trough. C) real GDP is less than potential GDP. D) real GDP is equal to potential GDP.
What is marginal cost pricing? Why is marginal cost pricing important?
What will be an ideal response?
When demand is ____ a percentage change in ____ is exactly offset by the same percentage change in ____ demanded, the net result being a constant total consumer expenditure
a. elastic; price; quantity b. unit elastic; price; quantity c. inelastic; quantity; price d. inelastic; price; quantity e. none of the above
Which economist(s) argued that high tax rates produce less tax revenues and limit the expansion of real GDP and employment?
a. Robert Lucas and Thomas Sargent b. A. W. Phillips c. Robert Barro d. Paul Samuelson e. Arthur LafferF