If the exchange rate rises, then the quantity of dollars demanded ________ because with the higher U.S. exchange rate, U.S. exports ________
A) decreases; increase
B) increases; decrease
C) decreases; decrease
D) increases; increase
E) does not change; do not change
C
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
In the steady state of Solow's exogenous growth model, an increase in total factor productivity
A) increases output per worker and increases capital per worker. B) increases output per worker and decreases capital per worker. C) decreases output per worker and increases capital per worker. D) decreases output per worker and decreases capital per worker.
The narrowest definition of money:
A. is referred to as hard money. B. includes the things that can be used in transactions immediately. C. contains only cash and bank reserves held at the Fed. D. All of these are true.
Answer the following statements true (T) or false (F)
1. If everyone had the same income, the Lorenz curve would become the line of income equality. 2. The farther the Lorenz curve bows away from the line of income inequality, the greater is the inequality of income distribution. 3. If new, highly progressive tax laws are enacted, the resulting Lorenz curve will move to the right-hand corner of the graph. 4. A country with an equal distribution of income will have a higher standard of living than a country with a more unequal distribution of income. 5. If income were distributed solely according to productivity, some individuals would not receive any income.