When the nominal exchange changes from 110 yen per dollar to 120 yen per dollar, the dollar has:
A. appreciated.
B. depreciated.
C. become undervalued.
D. become overvalued.
Answer: A
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The lower the amount of unemployment benefits citizens receive, the
A) higher the wage people must be offered before they accept a job. B) the longer people search for jobs. C) higher the opportunity cost of job search. D) the higher the natural unemployment rate. E) lower the opportunity cost of job search.
Does the monopolist have an incentive to reduce cost under average cost pricing? How can this be overcome?
An expansion occurs when ________, when ________, or when both of these occur.
A. potential output grows rapidly; actual output rises above potential output. B. potential output grows slowly; actual output equals potential output C. potential output grows slowly; actual output rises above potential output D. potential output grows rapidly; actual output equals potential output
The rapid movement of money across borders can easily overwhelm a country's financial markets when:
A. a country has a heavily leveraged banking system. B. the interest rates are relatively high. C. the required reserves are relatively low. D. a country is small.