EBK PRINCIPLES OF ECONOMICS
7th Edition
ISBN: 8220102958395
Author: Mankiw
Publisher: CENGAGE L
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Chapter 32, Problem 6QCMC
To determine
The impact of increased investment on exchange rate and trade balance.
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If there is an oil shock, what will happen to the market for thick metal tables (they are very heavy)?
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P decreases and Q increases.
P decreases and Q decreases.
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P increases and Q increases.
Facebook (not Mark Zuckerberg) would do which of the following actions according the Circular Flow diagram?
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Buys, but does not sell.
Sell and Buy (or Rent).
Does not sell nor buys.
Sell, but does not buy.
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