Depreciation of the dollar refers to
A. An increase in the price of foreign currency in terms of dollars.
B. A loss of foreign exchange reserves.
C. A fall in the dollar price of a foreign currency.
D. Intervention in international money markets.
Answer: A
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In Germany, expected future income increased during 2010. This increase led to
A) a downward shift of the consumption function. B) an upward shift of the consumption function. C) a movement upward along the consumption function. D) no movement along the consumption function and no shift of the consumption function. E) a movement downward along the consumption function.
Tranching makes it so that packages of reliable, low-risk mortgages could be sold to ______________, while higher-risk subprime mortgages could be sold to ___________.
A. more risk-averse investors; risk-loving investors B. more risk-loving investors; risk-averse investors C. national banks; local banks D. local banks; the government
Why is oligopoly more difficult to model than competition or monopoly?
If resources are better suited toward the production of one good than toward another good, then the PPF for those two goods is
A) a straight line. B) bowed outward. C) upward sloping. D) any of the above