Inputs are traded in the factor market.
Answer the following statement true (T) or false (F)
True
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The present value of a given payment in the future ________ when the interest rates fall
A) decreases B) reverts to the original value C) increases D) remains the same
If the economy is in an inflationary gap, actual income is
A. to the right of LRAS B. to the left of LRAS C. on LRAS D. above LRAS
During a recession:
a. Net exports tend to rise. b. Consumption tends to rise. c. Net exports remain unchanged. d. Businesses tend to invest more in new plant and equipment. e. Inventories tend to fall as businesses sell them off.
Which of the following events is likely to generate a demand for U.S. dollars in the foreign exchange market?
A) A Saudi Arabian citizen buys a condominium in New York. B) An American student will begin her first year of college at Oxford, England. C) Wal-Mart imports 5,000 bicycles from China to sell in its stores. D) The Illinois Chamber of Commerce will finance and lead a trade mission to India.