Simplified trend models are generally appropriate for predicting the turning points in an economic time series
a. true b. false
b
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The table above shows the exchange rates between various currencies and the U.S. dollar. Between 2015 and 2016, the Euro ________ against the U.S. dollar, the U.S. dollar ________ against the Japanese yen and the U.S
dollar ________ against the Canadian dollar A) depreciated, appreciated, appreciated B) depreciated, depreciated, appreciated C) appreciated, appreciated, appreciated D) appreciated, depreciated, depreciated
One method that firms in many nations use to exit the market is the use of:
a. antitrust laws. b. the uniform commercial code. c. bankruptcy laws. d. statutory laws. e. the federal code.
Which of the following is not a responsibility of the Federal Reserve?
a. Controlling the money supply b. Printing paper currency c. Supervising banks d. Acting as a bank for banks (e.g., lender of last resort) e. Clearing checks
All large firms have monopoly power
a. True b. False Indicate whether the statement is true or false