A decrease in German residents' willingness to invest in dollar-denominated assets will shift the demand curve for
A. dollars to the left.
B. euros to the left.
C. dollars to the right.
D. euros to the right.
Answer: A
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The economy could reach point W if it
A. reduced the unemployment rate.
B. achieved economic growth.
C. decreased its quantity of land, labor and capital.
D. shifted resources from butter production into the manufacturing guns.
According to the quantity theory of money, the quantity of money determines the
a. interest rate. b. level of real output. c. price level. d. level of employment.
Which of the following would most likely cause a nation's currency to depreciate?
a. an increase in exports coupled with a decline in imports b. a slower inflation rate than those of its trading partners c. lower domestic real interest rates d. lower real interest rates abroad
Microeconomists usually assume that people are motivated by
A. selfishness. B. material self-interest. C. altruism. D. property rights.