When a currency depreciates relative to other currencies as a result of government action,
A. it has appreciated.
B. it has been devalued.
C. it has been debased.
D. it has become worthless.
B. it has been devalued.
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Frieda is at her local florist to buy a dozen roses. She is willing to pay $75 for the roses, and buys them for $75. Frieda's consumer surplus from the purchase is
A) $150. B) $75. C) $37.50. D) $0.
The Bureau of Labor Statistics defines marginally attached workers as persons who currently are neither working nor looking for work but indicate that they want and are available for a job and have looked for work sometime in the recent past
a. True b. False Indicate whether the statement is true or false
Expansionary fiscal policy increases income, which increases imports, and this in turn increases the size of the trade deficit.
Answer the following statement true (T) or false (F)
Which of the following best describes the "interest rate effect"?
A) An increase in the price level raises the interest rate and chokes off government spending. B) An increase in the price level lowers the interest rate and chokes off government spending. C) An increase in the price level raises the interest rate and chokes off investment and consumption spending. D) An increase in the price level lowers the interest rate and chokes off investment and consumption spending.