What is a foreign exchange rate? (a) The rate at which the currency of one country trades for the goods of another country. (b) The rate at which one country’s goods trade for those of another country. (c) The rate at which currencies of different countries are exchanged. (d) The rate at which one country’s currency trades for gold provided by another country.
- What is a foreign exchange rate?
(a) The rate at which the currency of one country trades for the goods of
another country.
(b) The rate at which one country’s goods trade for those of another country.
(c) The rate at which currencies of different countries are exchanged.
(d) The rate at which one country’s currency trades for gold provided by
another country.
Induced consumption is:
(a) the part of consumption which is independent of the level of income.
(b) the minimum level of consumption that is financed from sources other than income.
(c) The maximum level of consumption that is financed from sources other than income.
(d) shown by the slope of the consumption function.
In the Keynesian model, an introduction of a proportional tax will:
(a) increase the slope of the consumption function.
(b) reduce the multiplier.
(c) increase the equilibrium level of income.
(d) increase the multiplier.
A decrease in the price level will:
(a) shift the
(b) shift the AD curve to the left.
(c) shift the AS curve to the right.
(d) leave both the AD curve and the AS curve unchanged.
During an economic expansion, real
(a) increases, increases
(b) increases, decreases
(c) decreases, increases
(d) decreases, decreases
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