Suppose the real exchange rate of 10 Mexican pesos to the dollar changes to 9 pesos to the dollar. In this situation, the dollar has __________________, making American goods __________ expensive for Mexicans
A) appreciated; less
B) appreciated; more
C) depreciated; less
D) depreciated; more
C
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Macroeconomics is the branch of economics that concerns
a. the behavior of individual actors in the economy b. output in a specific industry c. the overall health of the economy d. the federal government only e. prices in a specific industry
Martin Shore lost his job when General Motors closed down its local plant. He has been visiting the personnel offices of the other factories in the area, looking for a new job. He is:
A. a member of the civilian labor force who is employed. B. a member of the civilian labor force who is unemployed. C. a member of the civilian labor force who is underemployed. D. a discouraged worker who is not a member of the labor force.
The relative price of a good is that price
A. expressed in constant 2020 dollars. B. that is equal to the equilibrium price. C. expressed in today's dollars. D. expressed in terms of the price of another good.
In a given year, a country's GDP = $9841, net factor payments from abroad = $889, taxes = $869, transfers received from the government = $296, interest payments on the government's debt = $103, consumption = $8148, and government purchases = $185. The country had private saving equal to
A. $2397. B. $2112. C. $3850. D. $285.