When Americans increase their demand for Japanese goods
A) the demand for dollars will rise, and the demand for yen will rise.
B) the demand for dollars will fall, and the demand for yen will rise.
C) the supply of dollars will rise, and the demand for yen will rise.
D) the supply of dollars will fall, and the demand for yen will fall.
Answer: C
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Discretionary monetary policy was more frequently employed than discretionary fiscal policy in the two decades following World War II because
A) economic conditions did not seem to require any use of fiscal policy tools during this period. B) economists did not yet believe in the effectiveness of fiscal policy. C) inflation was not yet seen as a problem. D) monetary policy could be altered without Congressional action. E) monetary policy was thought to be capable of raising output while holding down prices.
For an individual such as a movie star or a pop singer whose natural talents are almost impossible to duplicate
A) all of their earnings consist of economic rents. B) none of their earnings consist of economic rents since rent applies only to land. C) part of their earnings consists of economic rents. D) all of their earnings consist of interest payments.
A radio manufacturer is experiencing theft problems at its warehouse and has decided to hire security guards to reduce the thefts. The firm wants to minimize the net cost of warehouse thefts. 
Given the above info, if the cost of a stolen radio is $25, what is the MOST the firm would be willing to pay to hire the first security guard?
A. $200 B. $250 C. $750 D. $500
Refer to the graph shown. As a result of the shift from D1 to D2, the value of the dollar will:
A. increase in response to excess demand equal to Q3 - Q1. B. increase in response to excess demand equal to Q4 - Q2. C. decrease in response to excess supply equal to Q4 - Q2. D. decrease in response to excess supply equal to Q3 - Q1.