If U.S. monetary authorities want to strengthen the dollar, they will
a. sell dollars in the foreign exchange market
b. buy dollars in the foreign exchange market
c. declare the dollar devalued
d. sell dollars and buy only Euros in the foreign exchange market
e. encourage other central bankers to sell dollars in the foreign exchange market
B
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Phases and turning points of the business cycle are expansion, peak, recession and trough
Indicate whether the statement is true or false
The age-earning cycle usually begins
A) at relatively high income levels. B) at relatively low income levels. C) once a worker reaches 25 years of age. D) only when a worker is employed full time.
Identify the largest and smallest components of GDP
In general, a policy that limits entry into a market
A. increases price, decreases quantity, and causes inefficiency in the market. B. increases the demand for the product which decreases the supply C. decreases price, increases quantity, and causes inefficiency in the market D. will stabilize a market so the there are fewer disruptions: