When it takes more euros to purchase a dollar, the dollars is said to have:
A) depreciated
B) appreciated
C) it depends on whether one is using direct or indirect quotations
D) it depends on whether one is considering cross rates or exchange rates
B
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The figure above shows Diane's demand curve for soda. The price of a soda is $1.00. Diane's consumer surplus from her 10th soda is
A) $0.00. B) $0.50. C) $1.00. D) $1.50. E) $2.50.
Which of the following is not considered a renewable resource?
A. Fish in the ocean B. Sunlight C. Wind D. All of these are renewable resources.
As the economy moves down and to the left along a short-run aggregate supply curve, it: a. moves up and to the right along the short-run Phillips curve. b. moves up and to the left along the short-run Phillips curve
c. moves down and to the left along the short-run Phillips curve. d. moves down and to the right along the short-run Phillips curve.
When a customer takes out a loan from a bank, this loan is:
a) a liability for the bank. b) savings for the bank. c) a loss for the bank. d) an asset for the bank.