The European Monetary Union was formed in 1992 to explore issues regarding currency union under the ________ treaty.
A) Versailles
B) Paris
C) Berlin
D) Maastricht
Ans: D) Maastricht
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Refer to Figure 13-2. Ceteris paribus, a decrease in the capital stock would be represented by a movement from
A) SRAS1 to SRAS2. B) SRAS2 to SRAS1. C) point A to point B. D) point B to point A.
Americans who supported William Jennings Bryan and the "Free Silver" movement:
a. were in support of the gold standard. b. included the US Secretary of the Treasury. c. wanted to increase the U.S. price level. d. wanted free railroad transport of silver from western mines to the east.
A country should export only those goods for which, relative to its trading partners, it has the
a. absolute advantage b. highest opportunity cost c. lowest production possibilities d. strongest demand e. lowest opportunity cost
If $1 was equivalent to 120 Japanese yen in 2008 and 125 Japanese yen in 2010, it implies in 2010, there was:
a. a depreciation of the dollar against the yen. b. a depreciation of the yen against the dollar. c. an appreciation of the yen against the dollar. d. no change in the value of yen, but the dollar had weakened. e. no change in the value of dollar, but the yen had strengthened.