When the U.S. dollar appreciates against a foreign currency, U.S. goods become:
A. more expensive to people abroad, and we expect net exports to decrease.
B. less expensive to people abroad, and we expect net exports to increase.
C. more expensive to people abroad, and we expect net exports to increase.
D. less expensive to people abroad, and we expect net exports to decrease.
A. more expensive to people abroad, and we expect net exports to decrease.
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If a 10 percent price increase generates a 20 percent decrease in quantity demanded, then demand is
A) elastic. B) perfectly inelastic. C) perfectly elastic. D) inelastic. E) unit elastic.
Actual reserves are equal to required reserves plus excess reserves
Indicate whether the statement is true or false
Other things being equal, which of the following would increase the market demand for labor?
A. A decrease in the cost-effectiveness of labor relative to other inputs. B. A decrease in the market demand for the firm's output. C. A fall in the wage rate. D. An increase in the marginal productivity of labor.
What statement about the savings and loan crisis of the 1980s is true?
a. Many savings and loan depositors lost their entire savings. b. A combination of deposit insurance and deregulation had encouraged savings and loans to take risks. c. Depositors panicked and made runs on the savings and loans, which had a waterfall effect. d. Savings and loans had to pay about $150 billion to cover their financial losses.