Other things the same, if participants in foreign exchange markets come to expect an increase in the value of the U.S. dollar ________
A) the actual value of the U.S. dollar will not be affected
B) the actual value of the U.S. dollar will fall
C) the actual value of the U.S. dollar will rise
D) one cannot predict the movement of the U.S. dollar in the future
C
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Which of the following is TRUE of a monopoly?
A) It can always increase its revenue by increasing the price to its customers. B) It will always operate somewhere along the inelastic portion of the demand curve. C) Its marginal cost curve is always downward sloping. D) None of the above is correct.
Under the current Social Security System,
A) only tax rates are changed yearly to help cover changes increases in benefits. B) only benefits are changed to balance the budget of the Social Security System. C) benefits are changed only to reflect the preceding year's inflation. D) tax rates and benefits are changed yearly to balance the budget of the Social Security System.