If the U.S. dollar depreciates in the foreign exchange market, U.S. exports will be __________ and U.S. imports will be __________
A) relatively less expensive; relatively less expensive
B) relatively less expensive; relatively more expensive
C) relatively more expensive; relatively more expensive
D) relatively more expensive; relatively less expensive
E) unaffected; relatively less expensive
B
Economics
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The largest category of federal spending is for:
A. health care. B. science, space, and technology. C. pensions and income security. D. national defense.
Economics
Starting from long-run equilibrium, a large increase in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; potential B. recessionary; higher; potential C. recessionary; lower; lower D. expansionary; higher; higher
Economics