The U.S. Secretary of the Treasury met with the Japanese Finance Minister to discuss possible cuts in the Japanese discount rate. The likely outcome of currency speculation in response to this news is that
a. the dollar will depreciate.
b. the dollar will appreciate.
c. the yen will appreciate.
d. both the dollar and yen will appreciate.
b
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Data show that in the U.S. since 1915, the velocity of M1 money
a. has been highly stable at approximately 24 b. has increased at about 3 percent per year c. has been erratic, varying between about 2 and 6 d. increased steadily until the 1960s, then decreased sharply thereafter e. has stayed fairly constant at approximately 4
When you are able to supply others with goods and services they value highly relative to your opportunity costs,
A) both you and those with whom you trade will gain. B) you will gain at the expense of others. C) neither you nor those with whom you trade will gain. D) others will gain at your expense.
Net exports is a positive number when:
a. A nation's exports of goods and services are greater than its imports b. A nation's imports of goods and services are greater than its exports c. A nation's exports of goods and services fall d. A nation's imports of goods and services rise
Political freedom seems to be ________ important to growth than economic freedom.
A. critically B. more C. less D. equally