Using the above figure. A rightward shift of the supply curve, ceteris paribus, would result in
A) dollar appreciation.
B) euro appreciation.
C) dollar depreciation.
D) decreasing the equilibrium quantity of euros.
A
You might also like to view...
The leakage and injections approach implies that deficit spending by the government must be financed by
A) private investment less private savings plus net exports. B) private saving less private investment plus net exports. C) the trade deficit must always offset the government deficit. D) B and C.
Which of the following statements about the composition of price indices is NOT true?
A) The Paasche index is calculated with current-year prices. B) The Paasche index is calculated with base-year quantities for the bundle. C) The Laspeyres index is calculated with current-year prices. D) The Laspeyres index is calculated with base-year quantities for the bundle.
A seller's reservation price is generally equal to:
A. the seller's marginal cost. B. the market price. C. the buyer's reservation price. D. the seller's average cost.
In the short run, why would a firm in a perfectly competitive market shut down production if the prevailing market price falls below the lowest possible average variable cost?
A. At that point (economic) profit is zero. B. Below that point average revenue becomes less than marginal revenue. C. Below that point marginal revenue becomes insufficient to pay for avoidable average variable cost. D. Below that point other firms with similar cost will find it profitable to enter the market and take away demand from the existing firms.