At the time of the American Revolution, the Industrial Revolution first launched in
(a) France.
(b) Germany.
(c) England.
(d) Spain.
(c)
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When the exchange rate between the U.S. dollar and the euro changes from 1.07 euros per dollar to 0.93 euros per dollar, then the
A) U.S. dollar has depreciated against the dollar. B) U.S. dollar has depreciated against the euro. C) euro has depreciated against the dollar. D) U.S. dollar has appreciated against the euro. E) euro has depreciated against the euro.
A discount bond resembles a simple loan in that
A) the interest on neither is taxable. B) the borrower repays in a single payment. C) both represent assets to the borrowers who issue them. D) both have par values greater than their face values.
What goods would be considered both excludable and rival in consumption?
a) private goods b) common goods c) public goods d) natural monopolies
Refer to the given figure.
If the Federal Reserve wants to lower the interest rate to 3 percent, it must ________ the money supply to ________.
A. increase; 900 B. increase; 300 C. decrease; 300 D. increase; 700