The relation between the nominal and real exchange rates is given by which of the following equations?
A) EX = ( × P)/
B) = (EX × P)/
C) EX = ( × )/P
D) = (EX × )/P
B
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A scatter plot:
A) is the same as a pie chart. B) shows how a variable changes across time. C) shows the relationship between two variables at a point in time. D) represents the frequency of a variable being observed.
The U.S. is the world's largest creditor
Indicate whether the statement is true or false
The Congressional Budget Office, which is staffed by economists, provides Congress with independent evaluations of policy proposals
a. True b. False Indicate whether the statement is true or false
Which statement is most accurate?
A. There is virtually no poverty in the U.S. because the standard of living of all Americans has at least tripled since World War II. B. Compared to the average citizens of Bangladesh, Ethiopia, and Zambia, most of our poor would be considered relatively well off. C. Most of those living below the poverty line are homeless. D. As welfare programs are cut back the poverty rate will decline.