When the U.S. dollar appreciates
A) foreign residents demand more of U.S. goods, and U.S. residents desire to purchase more foreign goods.
B) foreign residents demand more of U.S. goods, and U.S. residents desire to purchase fewer foreign goods.
C) foreign residents demand fewer of U.S. goods, and U.S. residents desire to purchase more foreign goods.
D) foreign residents demand fewer of U.S. goods, and U.S. residents desire to purchase fewer foreign goods.
C
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Which of the following statements is correct?
a. A central bank has absolute control over the nominal interest rate but not the real interest rate. b. A central bank has absolute control over the real interest rate but not the nominal interest rate. c. A central bank has absolute control over both the nominal and real interest rates. d. A central bank does not have absolute control over the nominal interest rate or the real interest rate.
Because an oligopoly is characterized by
A. few large sellers, each seller has some influence over the market price. B. a single seller of a product that has few suitable substitutes, the seller is a price maker. C. many small sellers, each firm must differentiate its product. D. a few sellers selling a differentiated product, each seller makes its price and output decisions independently.