Use the above figure. A leftward shift in the demand curve, ceteris paribus, would result in
A) a dollar appreciation.
B) a dollar depreciation.
C) a euro appreciation.
D) increasing the equilibrium quantity of the euro.
A
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One of the principles behind the concept of the circular flow is that
A) in every economic exchange, the seller receives exactly the same amount that the buyer spends. B) in every economic exchange, the seller receives less than the amount that the buyer spends. C) in exchange involving products, the seller receives less than the amount the buyer spends, but in resource markets the seller receives more than the buyer spends. D) the seller of goods receives exactly the same amount that the buyer spends, but the seller of resources receives less than the buyer spends.
Suppose a bank has $1,500,000 in deposits and the desired reserve ratio is 12 percent. If the bank is currently holding $200,000 in reserves, the excess reserves are equal to
A) zero. B) $180,000. C) $120,000. D) $20,000.
The payroll tax is the federal government's biggest source of revenue
a. True b. False Indicate whether the statement is true or false
The substitution effect causes a consumer to buy less of a product when its price rises because the:
A) consumer's real income has decreased. B) consumer's real income has increased. C) product is now less expensive compared to other products. D) product is now more expensive compared to other products.