In January 2009, how many members of the Federal Reserve board had been appointed by George Bush?
A. 4
B. 6
C. 7
D. 9
C. 7
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If foreign input prices increase and the United States is a purchaser of those inputs, then the U.S
A) AD curve will shift leftward and U.S. prices will fall. B) AD curve will shift rightward and U.S. prices will rise. C) SRAS curve will shift leftward and U.S. prices will rise. D) SRAS curve will shift rightward and U.S. prices will fall
Say at the current output level marginal costs = $20 and the average total cost = $10. From this information we know that the
A. average total costs are increasing. B. average total costs are decreasing. C. marginal costs are decreasing. D. marginal costs are increasing.
If interest rates increase, what is most likely to happen to the total expenditure schedule?
A. It will increase because G increases. B. It will decrease because I decreases. C. It will decrease because (X – IM) decreases. D. It will increase because I increases.
The demand for euros on foreign exchange markets slopes:
A. upward because foreign consumers buy fewer European goods when the value of the euro increases. B. downward because foreign consumers buy fewer European goods when the value of the euro increases. C. upward because foreign consumers buy more European goods when the value of the euro increases. D. downward because foreign consumers buy more European goods when the value of the euro increases.