If the dollar used to buy 360 yen and now buys 100 yen, there has been
A) a decrease in the demand for yen.
B) depreciation of the yen.
C) depreciation of the dollar.
D) appreciation of the dollar.
Answer: C
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Refer to the above figure. If real disposable income is less than $5,000, then saving is
A) negative. B) 0. C) positive. D) none of the above: cannot be determined with the given information.
The Federal Reserve entity that makes decisions regarding the conduct of open market operations is the
A) Board of Governors. B) chairman of the Board of Governors. C) Federal Open Market Committee. D) Open Market Advisory Council
The natural rate of unemployment is the same as the socially optimal rate of unemployment
a. True b. False Indicate whether the statement is true or false
In most of the 1970s, the Fed's policy created expectations of high inflation
a. True b. False Indicate whether the statement is true or false