Following an expansionary monetary policy, we would expect lower interest rates, dollar
a. depreciation, and an increase in the current account deficit.
b. depreciation, and a decrease in the current account deficit.
c. appreciation, and an increase in the current account deficit.
d. appreciation, and a decrease in the current account deficit.
b
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In the United States, which of the following is an example of a government-sponsored good?
A) wireless networks B) concerts C) cigarettes D) marijuana
In a perfectly competitive market industry, firm's prices are equal to
a. Average revenue b. Marginal revenue c. Both a and b d. None of the above
A headline reads: "Economy Still in Recession." The type of unemployment most closely associated with this economic condition would be:
A. structural. B. frictional. C. search. D. cyclical.
All of the following are characteristics of a perfectly competitive industry EXCEPT
A. firms in the industry are price takers. B. there are a large number of buyers and sellers with only a few being able to influence the market price. C. the product sold is homogeneous. D. buyers and sellers have equal access to information.