China linked its exchange rate to the U.S. dollar which meant in the 2004-2007 period
A) it appreciated against most other currencies, hurting its manufacturing competitiveness.
B) it depreciated against most other currencies, making its products cheaper.
C) it decreased the size of its merchandise trade surplus.
D) it overvalued its currency, making it hard to attract foreign investment.
B
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Use the following graph of the total demand for money to answer the next question.
Assume we begin at point a. A decrease in the nominal GDP will can be shown as a move to ________.
A. point b B. point c C. point d D. point e
An increase in the time spent on job search
A) decreases the unemployment rate. B) decreases the real wage rate. C) decreases the labor force participation rate. D) decreases potential GDP. E) decreases the demand for labor.
In the figure above, which of the following is true?
i. Governments coordinate economic activities of households and firms. ii. Governments buy goods and services in goods markets. iii. Households pay taxes directly to firms. A) only ii B) only i C) only iii D) i and ii E) ii and iii
Which of the following is not considered a rationale for the intervention of government in the market process in the United States?
A) the redistribution of income B) the reallocation of resources C) the long-run planning of scarce resources D) the short-run stabilization of prices E) All of the above