When there is a sudden decrease in the real interest rate in Canada, the Canadian dollar will depreciate
a. True
b. False
Indicate whether the statement is true or false
True
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Why might population growth and immigration stimulate economic growth?
What will be an ideal response?
A U.S. bank wants to buy euros in order to buy German bonds. In the open-economy macroeconomic model, this transaction would be part of
a. the supply of currency in the foreign exchange market, and part of the supply of loanable funds. b. the demand for currency in the foreign exchange market, and part of the supply of loanable funds. c. the supply of currency in the foreign exchange market, and part of the demand for loanable funds. d. the demand for currency in the foreign exchange market, and part of the demand for loanable funds.
Attempts to lobby the government for private gain are referred to by the text as
A. corruption. B. rent-seeking. C. graft. D. collective agreements.
Refer to the above graph. At output level H, the area:
A. 0AEH represents the firm's economic profit. B. 0CGH represents the firm's total cost of production. C. ACGE represents the firm's economic profit. D. BCGF represents the firm's fixed costs of production.