Referring to Figure 19.1, the dollar is likely to appreciate if the exchange rate is either ________ or ________ pesos to the dollar

A) 10; 11 B) 11; 12 C) 12; 13 D) 13; 14


A

Economics

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The rise in the U.S. debt-GDP ratio after 1980 must be blamed primarily on a ________ ratio of ________ to GDP

A) rising, government expenditures B) rising, tax revenues C) falling, government expenditures D) falling, tax revenues

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John Maynard Keynes believed that the equilibrium level of national income is primarily determined by aggregate expenditures

Indicate whether the statement is true or false

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For this question, assume that the Phillips curve equation is represented by the following equation: ?t - ?t-1 = (m + z) - ?ut. A reduction in the unemployment rate will cause

A) a reduction in the markup over labor costs (i.e., a reduction in m). B) an increase in the markup over labor costs. C) an increase in the inflation rate over time. D) a decrease in the inflation rate over time. E) none of the above

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In order to protect against foreign exchange risk, firms can use

A) the spot market for foreign exchange. B) interest rate arbitrage. C) the forward market for foreign exchange. D) the J-curve.

Economics