When the exchange rate between the U.S. dollar and the euro changes from 1.30 euros per dollar to 1.00 euro per dollar the dollar has ________ and U.S. goods have become ________ to people in Europe so that quantity of U.S. dollars demanded ________
A) depreciated; cheaper; decreases
B) depreciated; cheaper; increases
C) appreciated; more expensive; decreases
D) depreciated; more expensive; decreases
E) appreciated; cheaper; increases
B
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In a call center, which of the following situations can be considered as a variable input in the short run?
A) the level of computer software being utilized B) the number of call center representatives on duty at the center C) the number of call center managers or supervisors D) the size (e.g., square footage) of the call center
Which of following policies of the Congress was aimed to place the Fed above politics and maintain continuity in the policymaking process?
a. The President elects the entire Board of Governors. b. The Federal Reserve district banks elects the Board of Governors. c. The Congress elects a board member every five years. d. One board member's term expires every second year. e. Only bankers are allowed to be appointed as board members.