Other things constant, which of the following will most likely cause the dollar to appreciate on the exchange rate market?
a. higher interest rates in the United States
b. a relatively low rate of inflation in the United States
c. high rates of income growth in Europe
d. all of the above
D
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Movements along the demand curve are called changes in
a. demand b. opportunity costs c. quantity demanded d. the substitution effect e. preferences
A price ceiling imposed on a good that is below the equilibrium price will result in a shortage of that good
a. True b. False Indicate whether the statement is true or false
An example of a personal channel is ___, which is informal communicating among consumers about products and services
Fill in the blank(s) with the appropriate word(s).
As unemployment rose in 2008, non-discretionary fiscal policy measures included
A. major reductions in federal spending on bridges and highways. B. provision of Universal Health Insurance for all Americans. C. significant reductions in the income tax rates paid by high-income individuals. D. increased spending on unemployment insurance, food stamps, and Medicaid.