A country with an overvalued currency
A. will have a balance of payments deficit.
B. will suffer losses of foreign reserves.
C. must intervene in the foreign-exchange market to buy its own currency.
D. All of the above are correct.
Answer: D
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This table shows individual demand schedules for a market.
According to the table shown, at a price of $1.00, how much of the good will be demanded by Betty?
A. 16
B. 11
C. 46
D. 30
Which of the following is included in GDP calculations?
a. the college tuition paid to enroll in a course b. a check for $50 received on your birthday c. cash income received by a self-employed landscaper that is not reported to the IRS d. sales revenue received from a yard sale
A change in business inventories is:
A. not counted in GDP because it does not represent final sales. B. counted in GDP as investment. C. counted in GDP as net exports. D. counted in GDP as consumption.
________: unemployment associated with business fluctuations
Fill in the blank(s) with correct word