The short run sequence of events following an unanticipated shift to restrictive monetary policy would be higher interest rates followed by dollar
a. depreciation, higher exports, and lower imports.
b. depreciation, lower exports, and higher imports.
c. appreciation, lower exports, and higher imports.
d. appreciation, higher exports, and lower imports.
C
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Suppose there is an increase in the price of oranges. Which of the following is a possible cause?
a. increase in income b. increase in the price of sugar, a complement of oranges c. decrease in the price of tangerines, a substitute for oranges d. freeze in Florida e. favorable weather pattern
A trade policy is a government policy
a. directed toward the goal of improving the tradeoff between equity and efficiency. b. that directly influences the quantity of goods and services that a country imports or exports. c. intended to exploit the tradeoff between inflation and unemployment by altering the budget deficit. d. concerning employment laws.