In European terms, when the exchange rate for the U.S. dollar increases:
a. the dollar has appreciated.
b. the dollar has depreciated.
c. the euro has appreciated.
d. the dollar has weakened
Ans: a. the dollar has appreciated.
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If real GDP equals aggregate planned expenditure, then inventories
A) fall below their target levels. B) rise above their target levels. C) equal their target levels. D) are either above or below their target levels depending on whether planned inventories are above or below their target levels. E) None of the above answers is necessarily correct because there is no relationship between inventories and aggregate planned expenditure.
Which of the following statements is NOT true of the VIX?
A) It is calculated based on prices of call and put options of the S&P 500. B) Investors who want to hedge against stock market volatility can sell VIX options. C) A VIX of 10 indicates investors expect the S&P 500 to fluctuate by 10% at an annual rate over the next 30 days. D) The VIX is a measure of fear in the stock market.
What was the original stated purpose of Fannie Mae and Freddie Mac?
a. to allow the government to extend loans directly to low-income and minority households b. to help provide liquidity in the secondary mortgage markets c. to operate as non-profit entities that would provide competition for for-profit mortgage companies d. to take on mortgages going into default in order to prevent them from going into foreclosure
According to the kinked demand curve model, an oligopolist may face
A. more elastic demand than a monopolistic competitor. B. less elastic demand than a monopolistic competitor. C. more elastic demand if she raises her price than if she lowers her price. D. less elastic demand if she raises her price than if she lowers her price.