If the exchange rate rises as shown by the arrow, the price of American exports to foreigners will be ________, and foreign nations will demand ________ dollars in order to buy ________ American exports
A) higher; fewer; fewer
B) cheaper; fewer; more
C) cheaper; more; more
D) cheaper; fewer; fewer
E) higher; more; more
A
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On the graph above, suppose the labor market is in equilibrium at point 2, then the demand curve shifts down to the position shown on the graph
If the real wage has not changed, then the horizontal distance between points ________ measures the unemployment that results. A) 2 & 4 B) 2 & 1 C) 3 & 4 D) 6 & 4
If Happy Cleaners and Sparkle Cleaners are in a Cournot oligopoly and Happy Cleaners has a higher cost of production than Sparkle Cleaners, in equilibrium, Happy Cleaners will produce ________ than Sparkle Cleaners and charge a price that is ________ Sparkle Cleaners.
A) more; less than B) less; greater than C) less; the same as D) more; the same as
Spending on an education is considered an investment because it involves a sacrifice of current income for higher expected future income
a. True b. False Indicate whether the statement is true or false
Any reserves that banks hold in excess of required reserves are called
A) excess reserves. B) margin reserves. C) federal reserves. D) surplus reserves.