If $1 U.S. was equivalent to 112 Japanese yen in 2008 and 83 Japanese yen in 2009, it implies that the:
a. U.S. dollar depreciated against the yen in 2009
b. U.S. dollar appreciated against the yen in 2009.
c. Japanese yen depreciated against the U.S. dollar in 2009.
d. Japanese yen weakened against the U.S. dollar in 2009.
a
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The present value of $1 payable in two years is
a. $1. b. $1/(1 + 2r). c. $1/(1 ? 2r). d. $1/(1 + r)2.
The marginal propensity to save is:
a. the change in saving divided by the change in disposable income. b. the change in disposable income divided by the change in saving. c. saving divided by disposable income. d. disposable income divided by saving. e. saving divided by consumption.
In the aggregate expenditures model, if aggregate expenditures (AE) are less than GDP, then:
a. inventory is depleted. b. inventory is accumulated. c. inventory is unchanged. d. employment increases.
If the market for wheat is in equilibrium, the quantity of wheat demanded will equal the quantity of wheat supplied
a. True b. False Indicate whether the statement is true or false