If the currency of a country is expected to depreciate in the future, it will cause:
a. the demand curve of the currency to shift to the right
b. the demand curve of the currency to shift to the left.
c. an upward movement along the demand curve of the currency.
d. an upward movement along the supply curve of the currency.
b
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An increase in the marginal tax rate
A) decreases the expenditure multiplier but cannot make it negative. B) has no effect on the expenditure multiplier. C) can either increase or decrease the expenditure multiplier. D) increases the expenditure multiplier. E) decreases the expenditure multiplier and can make it negative.
A prolonged and deep recession is a
A. hyperinflation. B. contraction. C. depression. D. slowdown.
The ________ households faired very well during the period after 1995 in their wealth shares.
A. bottom half B. upper-middle class C. top 1 percent D. top 90-99 percent
Refer to Table 5.1. What is Hector's opportunity cost of producing one tiara?
A) 1/5 of a bracelet B) 1.5 bracelets C) 4 bracelets D) 5 bracelets