Brazil's per capita income growth rate was –0.7 percent for the years 1985–1995 . This means
a. Brazil's population growth was negative
b. Brazil is not a less-developed country
c. people in Brazil became poorer because per capita income fell 0.7 percent each year
d. people in Brazil became richer as per capita incomes rose 0.7 percent each year
e. income grew only slightly faster in Brazil than its population
C
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Would each of the following groups be happy or unhappy if the Mexican peso appreciates against the U.S. dollar? Answer the question for each of the following:
(a) The U.S. pension funds holding Mexican government bonds (b) U.S. tourists planning a trip to Mexico (c) Mexican exporting manufacturers (d) A Mexican firm trying to buy properties overseas
Given a linear curve, the value on the y-axis changes from 100 to 120 when the value on the x-axis changes from 20 to 10, then the slope of that curve is
A) -20. B) +20. C) -2. D) +2.
For a fixed target real interest rate and target inflation rate, when inflation increases, the Fed ________ interest rates, hence ________ short-run equilibrium output.
A. decreases; decreasing B. increases; increasing C. increases; decreasing D. decreases; increasing
What is the difference between demand and quantity demand?
A. Quantity demand is the directly related to a change in price. B. Quantity demand is a number while demand is the whole curve. C. Demand is inversely related to a change in price. D. Demand is a number while quantity demanded is the whole curve.