Jeremiah spends all of his income on oranges and cookies, which are normal goods. If Jeremiah's income decreases, he will buy ________ oranges and ________ cookies
His marginal utility from oranges will ________ and his marginal utility from cookies will ________. A) fewer; fewer; decrease; increase
B) more; more; decrease; decrease
C) the same quantity of; fewer; remain constant; decrease
D) fewer; fewer; increase; increase
B
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If planned investment changes as interest rates change, then
A) autonomous consumption changes. B) autonomous investment changes. C) total expenditures and output changes. D) the marginal leakage rate changes.
The domestic currency value of the foreign currency price of a product is equal to: a. the reciprocal exchange rate between the domestic and foreign currency. b. the reciprocal of the foreign currency price of the product
c. the difference between the foreign currency price of the product and the exchange rate between the domestic and foreign currency. d. the foreign currency price of the product multiplied by the exchange rate between the domestic and foreign currency. e. the reciprocal exchange rate between the domestic and foreign currency divided by the foreign currency price of the product.
Under screening, the uninformed side of the market attempt to identify the hidden characteristics of the informed side of the market
Indicate whether the statement is true or false
In 2002, the euro replaced the currencies of most of the members of the European Union. The euro has:
A. increased transaction costs among EU countries. B. increased macroeconomic independency among EU countries. C. increased monetary policy flexibility for the individual EU countries. D. reduced monetary policy flexibility for the individual EU countries.